Bitcoin slips to 2-month low as Fed chair speculation hits risky assets

Bitcoin plunged to a two-month low Friday, losing a third of its value since October’s record highs. Speculation that a potential new Federal Reserve chair might reduce liquidity in financial markets is hitting cryptocurrencies. This uncertainty, coupled with fears around AI exuberance following a tech stock tremor, is driving the selloff, impacting other digital assets like Ether as well.