Analyst: Bitcoin and Gold Diverge After Fed Decision, Market Shifts to Risk-Off Mode

CoinFeed June 18 news, CryptoQuant analyst Axel Adler Jr. stated that the Federal Reserve held interest rates steady for the fourth consecutive time, but the dot plot was hawkish, triggering volatile market reactions. Bitcoin fell about 4% from a high near $66,400 to $63,870, with significantly increased trading volume, indicating aggressive selling rather than a calm correction, and there are still no signs of dip buying after the decline. Gold also dropped to the $4,220 area but quickly rebounded above $4,300, showing sustained demand for defensive assets. The core of this reaction is the divergence in asset performance: gold absorbed the shock and recovered quickly, while Bitcoin remains near lows with no buying interest. The analyst pointed out that Bitcoin, as a pure risk asset, fully absorbed the Fed's hawkish signals.