Bitcoin Rebounds Above $63,000 After Fed-Driven Selloff

Bitcoin rebounded above $63,000 on June 20 as traders assessed regulatory developments following a sharp risk-off decline. An initial rally above $66,000 on June 17, driven by U.S.-Iran peace framework hopes, was erased after the Federal Reserve's hawkish signals on June 18 that priced in at least one 2026 rate hike. This triggered over $1.2 billion in liquidations, pushing BTC below $63,000 support to a low near $62,000 on June 19 amid broader market weakness. The latest bounce comes after heavy long liquidations and ETF outflows, though sentiment remains cautious with options markets favoring downside protection.