Macro backdrop: dovish Fed vs. AI risk-off keeps crypto in the crossfire

The Fed’s third straight cut and softer inflation tone pushed the dollar lower and gold near record highs, normally supportive for crypto. But articles from Reuters, Bloomberg and Investing.com note that renewed fears of an ‘AI bubble’ after Oracle’s weak outlook, plus uncertainty over the Fed’s 2026 path and future leadership, have investors de-risking across speculative assets, with crypto taking an outsized hit.