Bitcoin Slips Under $107,000 After Powell Casts Doubt on Further Rate Cuts

Crypto markets plunged again on Thursday as mixed signals from the Federal Reserve and underwhelming results from the long-awaited meeting between President Trump and Chinese President Xi dampened investors' appetite for risky assets.BTC fell for a fourth straight day, trading as low as $106,800 at the time of writing. Looking at major altcoins, ETH dropped another 6% in the past 24 hours to $3,760, while SOL and XRP lost 7% and 7.5%, respectively, in the same timeframe.To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io