Analysis: Market expectations for the Fed’s rate cut this year weakened, BTC fell below $108,000.

Odaily News The price of Bitcoin fell below $108,000, possibly due to the weakening expectations of the Fed's interest rate cut. The CME FedWatch tool shows that the market expects the Fed's first interest rate cut to be postponed to September, and the number of interest rate cuts expected in 2025 will drop from 4 to 2. Trader TheKingfisher pointed out that if the price of Bitcoin falls further, it may trigger more short positions to be closed. QCP Capital also said earlier that the current market lacks catalysts to drive price fluctuations, and overall volatility continues to decline. (Cointelegraph)