The effect of the Fed on Bitcoin and cryptocurrencies continues.

Bitcoin and Major Cryptocurrencies Continue to Decline

Bitcoin has dropped to $108,000 following the decisions made by the Federal Reserve (Fed). The silent meeting between Donald Trump and Xi Jinping in South Korea, which did not result in a trade agreement, negatively affected the markets.

Additionally, significant losses have been observed in major cryptocurrencies like XRP and Dogecoin. Futures contracts associated with the S&P 500 also continue to show a decline.

While a policy shift by the Fed towards favorable financial conditions is expected to benefit the crypto markets, it is emphasized that geopolitical factors remain critically important.