Cryptocurrencies declined Sunday as traders awaited U.S. jobs data and weighed Treasury Secretary Scott Bessent's comments that high interest rates are straining parts of the economy. Bitcoin fell 1.7% to around $108,000, while Ethereum dropped 3.5% to near $3,750, with altcoins underperforming amid defensive positioning. Bessent suggested the Fed has room to cut rates, but markets questioned whether cuts would boost liquidity or increase volatility. Bitcoin's failure to breach the $113,000 resistance level signals fading demand, with Glassnode warning a break below $88,000 could indicate a deeper correction.