Fed Hawkish Signal Dashes December Rate-Cut Bets as Global Markets and Gold Slump on AI-Bubble Fears

Friday’s price action in crypto markets reflected a risk-off stance as a hawkish signal from a Federal Reserve official dimmed expectations for a rate cut in December. Traders cited ongoing macro uncertainty and a cautious appetite for risk, with Bitcoin and leading altcoins conceding ground.

Global equities and precious metals fell amid data calendar turbulence and concerns about an AI bubble. The mood shifted overseas, with European and Asian risk assets corralled into retreat, underscoring how macro headlines can spill into crypto risk sentiment and price discovery across digital assets.

Looking ahead, traders will dissect upcoming U.S. data for clearer guidance on policy timing. In the near term, liquidity conditions and market volatility could persist, nudging participants toward capital preservation in Bitcoin and select blockchain assets while awaiting more definitive macro signals.