Ethereum cracks $2,000 as Fed fears deepen crypto sell-off
Ether dipped under $2,000 on Thursday, dropping roughly 9% to $1,946.65. Bitcoin also plunged, sliding about 9.5% to near $67,029 amid a broad sell-off in digital assets. The recent sell-off is linked to worries that if Warsh takes the helm at the Federal Reserve, he’ll tighten financial conditions by shrinking the Fed’s balance sheet. “The market fears a hawk with him,” said Manuel Villegas Franceschi of Julius Baer. CoinGecko data highlights that since peaking in early October, the global crypto market has shed nearly $1.9 trillion.