Bitcoin's price fell 2.8% to $109,882 as it struggled below the $110,000 mark amid concerns over U.S. economic data and political upheaval that could influence Federal Reserve policies. The decline was exacerbated by significant long liquidations totaling $940 million, indicating capital flight from risk assets during thin weekend trading. Analysts caution that this decline below $110,800, which reflects the average cost basis for recent investors, may signal a trend of prolonged market weakness. The downturn was partly triggered by President Trump's dismissal of Federal Reserve Governor Lisa Cook, which rattled market confidence. Investors are awaiting critical upcoming economic indicators, including revised Q2 GDP growth and core PCE inflation data, which could significantly impact the Fed's monetary policy decisions in the coming month.

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