Bitcoin continued its decline on Thursday, dropping to $108,000 after a meeting between U.S. President Donald Trump and Chinese President Xi Jinping concluded without a trade agreement. The cryptocurrency had already fallen from $113,000 to $110,000 overnight following Federal Reserve Chairman Jerome Powell's comments downplaying a December rate cut. Major cryptocurrencies like XRP and DOGE led the losses, each falling up to 4%, while Ether, Solana, BNB, and Cardano saw declines of up to 3%. The broader market also felt the impact, with S&P 500 futures trading lower and the dollar index stabilizing around 99.00. Despite previous optimism, Trump left South Korea without a trade deal, amid rising tensions over potential tariffs on Chinese goods.