Bitcoin Slides Amid Fed Rate Hike Fears and ETF Outflows

Bitcoin, the biggest digital currency, dropped about 3% to $63,018 because people worried the U.S. Federal Reserve might raise interest rates.

Higher rates make borrowing more expensive, so investors pull money from risky assets like Bitcoin.

A company called Citadel Securities said the Fed could raise rates by a quarter point.

Meanwhile, Bitcoin exchange‑traded funds lost almost half a billion dollars in three days, showing investors are nervous.

Analysts say Bitcoin needs to stay above $72,001, its 200‑day moving average, to feel safe again.

The drop also hurt Ether, the second‑largest cryptocurrency, which fell 4%.

Overall, the market is cautious because of the possibility of higher borrowing costs and other economic worries.