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Bitcoin hovers near $63K ahead of Fed rate decision as investors assess liquidity outlook

Economic Times 17 August 2026 at 12:24 pm 1 min read 3 views Read Original
Bitcoin hovers near $63K ahead of Fed rate decision as investors assess liquidity outlook

Bitcoin hovered near $63,000 as investors awaited Federal Reserve guidance, with weak ETF flows, geopolitical tensions and elevated oil prices pressuring risk appetite. Analysts highlighted $62,300 support and $63,300-$64,000 resistance, while Ethereum and major altcoins showed mixed performance amid broader consolidation.

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