MicroStrategy’s successor, Strategy Inc, is trading around $183 and acting as a high-beta BTC proxy as index providers weigh whether its Bitcoin-heavy balance sheet should disqualify it from the Nasdaq 100 and certain MSCI benchmarks, per Reuters and TS2.Tech. Analysts warn that a potential removal could force roughly $1.6 billion in passive outflows, amplifying the impact of Bitcoin swings on crypto-equity valuations.
Bitcoin hovers near $90K after Fed cut, stays rangebound
BTC is around $89.9K, down ~2.8% on the day, as traders digest the Fed’s third 25-bps rate cut and cautious guidance. Articles from Investing.com, Bloomberg and CoinDesk note that easier policy and a softer dollar have not yet translated into a clean upside breakout, with volatility and momentum both subdued.
Altcoins mirror Bitcoin’s drift, with recent gains fading
Ethereum (~$3,070, -5.2%), XRP (~$1.99, -2.4%) and Solana (~$133, -2.5%) are giving back part of Friday’s Fed-driven bounce highlighted by Investing.com and Kitco. Earlier in the session, SOL had outperformed with a 6% jump while ETH and XRP were modestly green, but that strength has rotated into a synchronized pullback alongside BTC.
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.
Derivatives and ETF flows keep crypto sentiment cautious
CoinDesk and Coinbase data point to prior weeks’ heavy BTC and ETH ETF outflows, large derivatives liquidations, and a ‘volatility meltdown’ that have left retail sidelined and whales as marginal buyers. This overhang, plus ongoing fears around crypto-treasury stocks like MicroStrategy flagged by Reuters, is limiting the impact of the Fed cut on spot prices.
Token-specific narratives: XRP DeFi expansion, memecoins stall
CoinDesk notes wrapped XRP arriving on Solana and Ethereum, expanding Ripple’s footprint into DeFi just as XRP pulls back with the broader market. At the same time, Dogecoin is stuck near $0.14 with Coindesk highlighting that even aggressive Fed easing has failed to ignite a fresh memecoin rally, underscoring how macro fatigue is capping speculative appetite.
Solana modestly higher, supported by real-world adoption headlines
SOL trades around $135–$137, slightly positive on the day even as broader altcoins remain under pressure (Kitco quotes). Sentiment is underpinned by news that J.P. Morgan issued commercial paper on Solana and that State Street and Galaxy plan a tokenized liquidity fund on the network in 2026, underscoring ongoing institutional experimentation (Reuters, CoinDesk).
AI earnings shock from Oracle weighs on crypto and tech-linked risk assets
Oracle’s 12–15% stock plunge on surging AI-related capex and a revenue miss revived ‘AI bubble’ concerns, knocking Nasdaq futures and spilling over into Bitcoin and crypto miners, which fell alongside other high-beta plays (Bloomberg, Yahoo Finance, Investing.com). The episode highlights how tightly crypto is currently trading with the broader AI and tech risk complex.
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.
Ethereum leads major‑cap underperformance
Ethereum trades around $3,200, off roughly 3%–4% on the day, underperforming Bitcoin’s ~1%–2% decline. CoinDesk highlights over $500M in leveraged liquidations across BTC and majors after BTC failed to hold an early‑week breakout near $94K, with ETH particularly hit as traders unwind high‑beta bets.