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Bitcoin Stumbles Back Below $90K as Dollar Sinks to 7-Week Low After Fed Rate Cut

Author: Coindesk

Source: Coindesk

2025/12/12 00:16

4 min read

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Bitcoin Stumbles Back Below $90K as Dollar Sinks to 7-Week Low After Fed Rate Cut

The U.S. dollar, along with precious metals and bond yields, is reacting as expected to easier financial conditions, but crypto remains in a bearish trend.

By James Van Straten, Helene Braun|Edited by Stephen Alpher

Updated Dec 11, 2025, 4:27 p.m. Published Dec 11, 2025, 4:16 p.m.

DXY Index (TradingView)

What to know:

The U.S. dollar index (DXY) has fallen to a seven week low following the Fed's rate cut on Wednesday.
Precious metals are soaring and bond yields are falling.
Bitcoin remains stuck in a downtrend, falling back below $90,000 after the briefest of rallies.

All things being equal, easier Fed monetary policy tends to lead to a weaker U.S. dollar, falling bond yields, rising precious metals prices and gains for risk assets, bitcoin BTC$90,003.93 and crypto among them.

Following the Fed's rate cut yesterday, the dollar is indeed weaker — the DXY falling to a seven-week low — precious metals are sharply higher, with silver touching a new record of $64 per ounce, and the 10-year Treasury yield has pulled back to 4.12% from 4.20%.

STORY CONTINUES BELOW

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In what's become a familiar story, though, crypto is not participating. After (very) briefly rallying above $94,000 in the minutes following the rate cut, bitcoin BTC$90,003.93 has slumped to $89,400, now down 3% over the past 24 hours. Ether ETH$3,191.04 is down 5.5%, while XRP and solana slide closer to 4%.

Possibly souring the mood in crypto are declining AI-related names following Oracle's (ORCL) disappointing quarterly earnings released last night. Oracle has plunged 14% on Thursday, pulling down familiar names like Nvidia, AMD and Broadcom. The Nasdaq is lower by 1.2%.

Bitcoin mining stocks — many of whom have pivoted business models to focus instead on AI infrastructure — are lower alongside: Hut 8 (HUT), Iren (IREN), Cipher (CIFR) and Riot Platforms (RIOT) are among those with losses in the 5%-6% range.

Leading bitcoin treasury player Strategy (MSTR) is off by 6.4%, while crypto exchange Coinbase (COIN) is down 5%. Robinhood (HOOD) is lower by 8.3% after a November update showed a disappointing slump in crypto trading volumes.

Bitcoin NewsU.S. DollarBreaking News

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