<ul data-eligibleForWebStory="true"><li>Bitcoin has dropped below $104,000 amidst market uncertainty and cautious investor sentiment ahead of the U.S. Federal Reserve’s policy update.</li><li>BTC is currently trading at $103,430, down 3.8% on the day and almost 5% lower over the past week. It has lost key short-term support levels after touching highs above $107,000.</li><li>The decline in Bitcoin indicates weakening buyer momentum despite positive macro sentiment seen earlier.</li><li>The downward trend extended to other cryptocurrencies like Ethereum (ETH), which dropped 6.4% to $2,460, and Solana (SOL) which fell 7% to $146.</li><li>Ripple’s XRP declined by 7.16% to $2.14, while Binance Coin (BNB) retreated 3.5% to $641.</li><li>Investors are closely monitoring macro events, especially the Federal Reserve's FOMC decision, for potential impacts on the market's direction.</li><li>Attention is focused on any dovish policy shifts from the Federal Reserve, which could either fuel a market rebound or prolong the current downtrend.</li></ul>

Bitcoin Drops Below $104,000, Dragging Major Cryptos Down

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