Bitcoin Falls to $62,205 on June 22, Down 4.2% as Deutsche Bank Flags Shift to Institutional Asset

According to Coindesk, Bitcoin fell 4.2% in 24 hours on June 22, trading near $62,205, while the broader crypto market declined 2.8%. Ethereum dropped 5.6% to $1,652, XRP fell 4.4% to $1.09, and Solana led losses with a 5% decline to near $69.

Deutsche Bank's analyst Marion Laboure said Bitcoin is maturing into an institutional asset driven by fund flows, Federal Reserve policy, and legislative outcomes rather than retail speculation. The bank expects two rate hikes in 2026, which tightens liquidity and rotates capital away from Bitcoin. U.S. spot Bitcoin ETFs logged six consecutive weeks of net outflows totaling roughly $6 billion, with June alone seeing $2.33 billion in outflows as of press time.