India, Feb. 24 -- Cryptocurrencies are trading with heavy losses as markets reconcile to the massive hack at Bybit cryptocurrency exchange and the withdrawals that followed. Large outflows from digital asset investment products during the past week attributed to uncertainty on the trade tariff and monetary policy front also impacted market sentiment negatively.
Overall capitalization has fallen to $3.13 trillion, recording an overnight decline of 1.6 percent.
Bitcoin dropped 1.2 percent overnight to trade at $94,498.65, around 13 percent below the all-time high. BTC has lost 2.2 percent in the past week and 9.9 percent over the past 30 days. Bitcoin traded between $96,503.45 and $94,212.66 in the past 24 hours. Data from Farside Investors...