Macro backdrop favors hard assets like gold and copper over digital risk assets for now

TradingEconomics reports gold near $4,300/oz, up ~6% on the month and over 60% year‑on‑year, as multiple Fed cuts, expectations of further easing, and safe‑haven demand drive ETF inflows and central-bank buying. Copper has also climbed to around $5.3/lb, near a 19‑week high on short covering and the longer‑term energy‑transition story, underscoring how capital is rotating toward real‑asset inflation hedges while crypto trades more like a high‑beta risk asset in the current risk‑off tape.

Macro backdrop: dovish Fed and softer dollar support long-term crypto thesis

TradingEconomics and Yahoo Finance report gold near record highs and the dollar index hovering near multi-week lows after the Fed’s third 25 bp cut and new T-bill purchases. While today’s tape is risk-off for crypto, the combination of easier Fed policy and added dollar liquidity is seen as supportive for longer-term Bitcoin upside in on-chain valuation work from Bitcoin Magazine.

Macro backdrop: Dovish Fed and softer dollar support hard assets, not crypto

The Fed’s third 25 bp cut and plans to buy $40B/month in T‑bills have weakened the dollar toward two‑month lows and fueled expectations of further easing in 2026 (Trading Economics, FXStreet, Reuters). This has propelled gold back toward record highs above $4,300/oz and kept copper elevated, while crypto has decoupled short term as investors rotate toward metals and away from speculative tech and digital assets (Investing.com).

Macro backdrop: dovish Fed supports metals more than crypto

The Fed’s cut and new $40B/month T-bill purchases have driven gold near $4,275/oz and silver to record territory, according to Investing.com and TradingEconomics. Lower real yields and a weaker dollar are clearly benefiting precious and industrial metals, while Reuters and CoinDesk emphasize that crypto remains under pressure as investors favor traditional safe havens and equities.

Fed’s ‘hawkish cut’ boosts gold and weakens dollar, but crypto shrugs

The Fed’s third 25 bps cut and cautious forward guidance pushed the dollar index toward seven-week lows and nudged 10-year yields toward the low-4% area, powering gold back above $4,270/oz and copper higher as well (Trading Economics, Investing.com). In contrast, Bitcoin and Ethereum failed to rally on easier financial conditions, with CoinDesk noting that crypto remains in a short-term bearish trend despite macro tailwinds.

Large-cap alts track lower with Solana leading the downside

Solana trades near $131, down roughly 4% to 5% on the day and about 8% on the week, while XRP holds around $2.01–$2.02, down 3%–3.5%. Kitco and TradingEconomics dashboards show a synchronized pullback across major alts like ADA and DOGE, reflecting broad de-risking rather than asset-specific news.

Fed’s ‘hawkish cut’ reinforces Bitcoin’s macro sensitivity versus gold

Coverage from Yahoo Finance, Investing.com and TradingEconomics highlights how Bitcoin initially jumped toward $94K on the Fed cut but quickly faded as guidance implied a cautious path for future easing. By contrast, gold pushed back near record highs above $4,200/oz, underscoring that BTC is currently trading more like a high-beta macro asset than a defensive inflation hedge.