Bitcoin Falls Back Under $90,000 While Dollar Drops to 7-Week Low After Fed Decision

Market moves following the Federal Reserve’s latest rate cut are largely unfolding as textbook theory would suggest, with the U.S. dollar weakening, bond yields easing and precious metals surging. Cryptocurrencies, however, continue to lag, extending a broader bearish trend.

Under easier monetary policy, the dollar typically comes under pressure while Treasury yields fall and risk assets — including bitcoin and digital tokens — benefit. In this instance, only the traditional markets have responded. The dollar index has slipped to a seven-week low, silver has rallied to a record near $64 per ounce, and the 10-year Treasury yield has retreated to 4.12% from 4.20%.

Crypto markets have failed to sustain early gains. Bitcoin briefly jumped above $94,000 in the moments following the Fed decision but has since reversed lower, sliding to around $89,400 and marking a 3% decline over the past 24 hours. Ether is down roughly 5.5%, while XRP and Solana are each off close to 4%.

Risk appetite in the sector may be further dampened by weakness in AI-related equities after Oracle posted disappointing quarterly results. Oracle shares tumbled 14%, dragging down major chipmakers including Nvidia, AMD and Broadcom, while the Nasdaq slipped 1.2%.

The selloff extended to crypto-linked equities, particularly bitcoin miners that have increasingly shifted toward AI infrastructure. Hut 8, Iren, Cipher Mining and Riot Platforms all fell between 5% and 6%.

Elsewhere, bitcoin treasury firm Strategy dropped 6.4%, Coinbase slid 5%, and Robinhood sank 8.3% after a November update showed a notable slowdown in crypto trading activity.