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.
Risk‑off pressure weighs on Solana and XRP
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.