Bitcoin hit its lowest since November and was set for its biggest weekly fall in over two years, swept up in a sell-off in tech stocks at a time when a $1.5 billion hack and doubts about U.S. crypto policy has left industry sentiment fragile.

A week-long rout in bitcoin worsened Friday, with the digital asset hitting another three-month low overnight amid fresh trade tensions.

This year's average purchase price is around $97,880, leaving investors facing an almost 20% unrealized loss at current prices.

The crypto world has been nervous after Dubai-headquartered Bybit, the world’s second-largest exchange after Binance, said last week hackers had stolen ether worth around $1.5 billion in what is thought to be the single largest crypto heist of all time.