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

Bitcoin eyes fresh multiday lows with risk assets suffering from a lack of volatility catalysts and fading hopes of a Fed rate cut before September.

Key points:

Markets increasingly see fewer Fed rate cuts this year, with the first only coming in September.

Despite potential labor market weakness to come, crypto and risk assets lack an overall bullish catalyst, analysis says.

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