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It is because Youtube recently changed the display image file format from .jpeg to .webp file format. You simply need to enable this in your web browser which I know for sure for Firefox is:
type about:config into the firefox address bar and then change image.webp.enabled = false to image.webp.enabled = true
type about:config into the firefox address bar and then change image.webp.enabled = false to image.webp.enabled = true