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Cryptocurrencies experienced significant losses on Monday, driven by macroeconomic concerns, tech stock declines, and a recent exchange hack.

The stock market saw a mixed performance on Monday, led by gains in the technology sector and strategic moves by Walt Disney.

A deal with US regulators buoyed the crypto market briefly, only to be overshadowed by a massive hack of the Bybit exchange, leading to investor losses and renewed concerns about the industry’s security.