New Delhi, Jan. 30 -- Bitcoin slid to a two-month low on Friday as bets that the next US Federal Reserve chair could adopt a tighter liquidity stance weighed on cryptocurrencies and pushed the dollar higher.
Bitcoin was down 2.5% on Friday at around $82,300, adding to the prior session's losses and on track for a fourth consecutive monthly decline-its longest losing streak in eight years.
Other cryptos like Ether also slid to a two-month low, trading 2.9% lower at $2,735.48.
Cryptocurrencies have lacked clear momentum since last year's sell-off and have lagged the strong rallies seen in gold and equities, which they had at times moved in tandem with, according to analysts.
"Bitcoin trading above the $81,000 level reflects a broader ph...
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.