Financial markets are responding to the Federal Reserve’s latest rate cut largely in line with expectations, with the U.S. dollar weakening, bond yields easing and precious metals surging. Cryptocurrencies, however, continue to lag, extending a broader bearish stretch.
Looser monetary policy typically pressures the dollar, lifts metals and supports risk assets, including digital tokens. This time, the reaction has been uneven. The dollar index has fallen to a seven-week low, silver has climbed to a record near $64 an ounce, and the 10-year Treasury yield has slipped to 4.12% from 4.20%.
Crypto markets briefly reacted positively before turning lower. Bitcoin jumped above $94,000 in the moments after the Fed announcement but has since slid to around $89,400, leaving it down about 3% over the past 24 hours. Ether is lower by roughly 5.5%, while XRP and Solana have each dropped close to 4%.
Pressure on digital assets may be intensifying alongside a selloff in AI-linked equities following Oracle’s disappointing quarterly results. Oracle shares tumbled 14%, dragging down major chipmakers such as Nvidia, AMD and Broadcom, and pushing the Nasdaq down 1.2%.
Crypto-related stocks have also moved lower, particularly bitcoin miners that have increasingly shifted toward AI infrastructure. Hut 8, Iren, Cipher Mining and Riot Platforms are all down between 5% and 6%.
Elsewhere, bitcoin treasury firm Strategy has fallen 6.4%, Coinbase is down 5%, and Robinhood slid 8.3% after its November update revealed a sharp decline in crypto trading volumes.
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