Bitcoin Drops to $62,000 as Hawkish Fed Signals Tighten Risk Appetite

Bitcoin fell 4% to $62,000 after the Federal Reserve held rates steady but signaled possible future hikes, with Chair Kevin Warsh adding policy uncertainty by moving away from forward guidance.

• Bitcoin dropped from $66,315 to $62,000 after the Fed signaled a tighter policy path and possible rate hikes
• Fed Chair Kevin Warsh indicated a shift away from forward guidance, adding uncertainty across markets
• The U.S. dollar index climbed to its highest level in over a year, weighing on risk assets like Bitcoin
• A $10.5 billion Bitcoin options expiry on June 26 adds pressure, with max pain near $74,000 far above spot price
• Key support at $62,000 is being tested; a break below could open a path toward $60,000

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