Solana is near $135 and down about 1%–5% on the day, while XRP holds near $2.00 and is off a similar amount. CoinDesk notes that Solana and XRP have seen continued ETF and institutional interest, but spot prices are being dragged lower by Bitcoin’s weakness and broad de‑risking across altcoins.
Macro backdrop turns more supportive, but crypto decouples
The dollar index has slid to its lowest since late October and 10‑year Treasury yields eased after the Fed cut, while gold is testing record highs above $4,220 and copper pushes toward records. Despite easier financial conditions that usually help crypto, CoinDesk and Investing.com stress that digital assets remain stuck in a bearish, post‑liquidation consolidation.
Flows and positioning show ongoing stress
Earlier reports from Coinbase, CoinDesk, and The Block describe persistent outflows from U.S. spot Bitcoin ETFs and a Fear & Greed Index deep in ‘extreme fear’. Whales and some sovereign buyers like El Salvador are adding on dips, but retail participation and crypto‑linked equities such as miners remain under heavy pressure.
Crypto slides despite Fed rate cut
Bitcoin, Ethereum, XRP and Solana are all down 2.5%-4.5% over the last day even after the Fed delivered a widely expected 25 bps rate cut and signaled only limited easing in 2026. Markets interpreted Powell’s cautious tone and visible FOMC divisions as a “hawkish cut,” keeping macro uncertainty elevated for high-beta assets like crypto.
Bitcoin dips below $90K intraday as leverage washes out
BTC is trading near $89,700, off about 2.5% on the day after briefly breaking below $90,000 in Asian trade. News from Reuters, Bloomberg and Yahoo Finance highlight that over $440M–$500M of derivatives liquidations around the Fed decision and overnight selling have accelerated the move, even as on-chain and ETF flow data suggest medium-term structural support remains.
Ethereum underperforms on risk-off and positioning
ETH is around $3,175, down 4.5%, lagging BTC as traders unwind leveraged longs and rotate out of higher-beta majors following bitcoin’s failed attempt to hold its pre-Fed breakout above $94K. Recent analysis cited by CoinDesk notes that market-maker retreat and soft liquidity have amplified ETH’s downside during macro-driven swings.
XRP slips below key $2 level on BTC-linked profit taking
XRP trades near $1.99, off about 2.6% after briefly losing the $2.00 handle that had been acting as support. CoinDesk reports that traders are taking profits following recent outperformance, with XRP-specific ETF and institutional flows still strong but unable to offset broad selling tied to bitcoin weakness.
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.
Solana tracks broader majors lower despite positive structural news
SOL is around $131, down roughly 3.7%, in line with other large caps as risk appetite fades on AI and macro worries. This comes even as adoption headlines—such as J.P. Morgan issuing commercial paper on Solana’s chain—underscore that selling is macro- and positioning-driven rather than tied to negative protocol news.
Broker and bank research frames selloff as late-stage correction, not new ‘crypto winter’
JPMorgan and other analysts highlighted in TheStreet and CoinDesk argue that November’s meltdown and the latest post-Fed drop look like a meaningful, but still cyclical, drawdown within an ongoing bull market. Their base cases see future upside increasingly dependent on sustained ETF inflows and institutional demand rather than further balance-sheet buying by ‘bitcoin treasury’ companies.