Bitcoin Holds Firm Near $63,000 Ahead of Fed Meeting

Bitcoin held steady near $63,000 on Tuesday as investors awaited the outcome of the US Federal Reserve's policy meeting. Despite easing geopolitical tensions and softer oil prices, which improved overall risk appetite, Bitcoin fell 2.93% over the past 24 hours to trade at $63,458.

Nischal Shetty, founder of WazirX, noted that institutional conviction remains fragile despite recent weakness in crypto markets. He identified a support zone between $62,500 and $62,800, which, if held, could encourage buyers to step in and support a short-term recovery.

Avinash Shekhar, Co-Founder & CEO of Pi42, stated that volatility is likely to persist in the near term but long-term fundamentals remain intact due to institutional adoption, ETF participation, and broader digital asset infrastructure strengthening.