Bitcoin fell 2.5 percent over the past 24 hours to trade near $62,600 on June 19, extending recent weakness in the cryptocurrency market. The decline came as investors assessed the impact of a stronger US dollar, weak institutional participation through spot Bitcoin ETFs, and a hawkish policy stance from the US Federal Reserve.

Market participants remained cautious after the Federal Reserve signaled that interest rates could remain higher for longer and left the door open for further policy tightening if inflation risks persist. The prospect of tighter monetary conditions has reduced appetite for riskier assets, including cryptocurrencies.

Institutional demand for Bitcoin also remained under pressure as ETF flows failed to show meaningful improvement. Continued outflows and subdued participation from large investors have limited buying momentum and weighed on overall market sentiment.

Analysts noted that rising Treasury yields and a stronger dollar have further pressured digital assets. Until ETF inflows recover and uncertainty surrounding US monetary policy eases, volatility in cryptocurrency markets may remain elevated.

Major cryptocurrencies delivered mixed performance during the session, reflecting broader caution among investors as they monitor macroeconomic developments and institutional activity for signs of a sustained recovery in the digital asset market.