<ul><li>Markets are pricing out US interest rate cuts, leading to a sell-off in Bitcoin as it drops below $108,000.</li><li>Risk assets lack bullish catalyst despite potential labor market weakness, impacting BTC/USD price movement.</li><li>CME Group's FedWatch Tool shows decreasing odds of a rate cut, affecting crypto, stocks, and other assets.</li><li>BTC price faces bid liquidity challenges as short liquidations create imbalance, hindering price breakout.</li></ul>

Bitcoin sags below $108K as rate-cut bets evaporate before Fed minutes

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