TechFlow News, June 18: CryptoQuant analyst Axel Adler Jr. stated that the Federal Reserve held the federal funds rate steady at 3.50%–3.75%, but the dot plot signaled a hawkish stance, weakening support for risk assets. As a result, Bitcoin briefly retreated nearly 4% from around $66,400, dropping below $64,000, with no clear signs of bottom-fishing buying pressure emerging yet; gold, after dipping lower, quickly rebounded above $4,300. He believes this divergence reflects cooling market risk appetite, with capital increasingly favoring defensive assets.
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