Bitcoin's price declined to $107,500 as U.S. credit issues and economic slowdown concerns weighed on market sentiment. JPMorgan CEO Jaime Dimon highlighted potential 'cockroach' risks following recent bankruptcies, contributing to a 'risk off' environment. Regional banks, including Jefferies and Zions Bancorp, reported losses, exacerbating market volatility. Amid these developments, traders have increased their expectations for a Federal Reserve rate cut, with a 3.2% probability of a 50-basis-point reduction in November, up from 0% the previous day. This shift in sentiment reflects growing uncertainty in the financial markets.