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

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. BTC/USD continues to drop toward new multiday lows. Bitcoin (BTC) sold off at the May 28 Wall Street open as markets continued to price out US interest rate cuts. BTC/USD 1-hour chart. Source: Cointelegraph/TradingView BTC price retreats with Fed rate cut bets Data from...