Bitcoin Falls Below $108,000 as Fed Rate-Cut Expectations Fade

Bitcoin dropped below $108,000 in early Asian trading, pressured by receding hopes for aggressive Federal Reserve rate cuts and a firmer US dollar. The decline reversed October's gains, with traders attributing the move to policy uncertainty and reduced holiday liquidity. Ether and XRP also fell, pulling total crypto market capitalization down 3.1% to $3.69 trillion.