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Bitcoin sinks below $82,000, lowest in 2 months as Fed chair speculation rattles risky assets

Bitcoin and other major cryptocurrencies saw a sharp decline, with Bitcoin hitting a two-month low. This was driven by concerns over the Federal Reserve's monetary policy stance, leading to a broad market sell-off. Over $1.7 billion in leveraged positions were liquidated, highlighting the volatility in the crypto market. The significance lies in the potential impact on the economy and investor sentiment, which are crucial for competitive exam preparation.