Bitcoin Slumps to $63K as Hawkish Fed and Political Risks Intensify

Bitcoin traded near $63,000 on June 20 after sliding from above $66,000 following the Federal Reserve’s hawkish June 18 decision under new Chair Kevin Warsh. The pullback erased earlier gains tied to U.S.-Iran de-escalation and corporate buying, with Bitcoin and Ethereum ETFs recording over $100 million in outflows. On-chain metrics showed resilience as 79% of supply remained with long-term holders, yet analysts now flag growing political and regulatory uncertainty ahead of the 2026 midterms as the next key risk factor for the market.