Bitcoin price plummets below $100,000 as fear mounts over looming Fed decision

Group 1 - Bitcoin and other cryptocurrencies experienced significant declines, with Bitcoin falling 4% to $98,200 and Ethereum dropping 8% to $3,167, marking their lowest values since May and July respectively [1][4] - The broader market also faced a downturn, with the Nasdaq composite index decreasing by 2.3% as investors sold off stocks [1][2] - Concerns regarding the Federal Reserve's interest rate decisions contributed to the market's volatility, as traders adjusted their expectations for rate cuts in December [2][3] Group 2 - The likelihood of the Federal Reserve cutting interest rates in December has decreased, with current pricing indicating a 51% chance, down from 62% on Wednesday and 69% a week ago [2] - The absence of the October unemployment rate report, due to the household survey not being conducted, adds uncertainty to the Federal Reserve's decision-making process regarding interest rates [3] - Other major cryptocurrencies, including XRP and Solana, also faced declines of about 8%, while BNB fell more than 5% [4]