New Delhi, Feb. 24 -- Bitcoin continued its losing streak on Tuesday, driving the token to its sharpest monthly decline since a wave of corporate failures rocked the crypto industry in 2022.

The world's largest cryptocurrency dropped as much as 2.64% to $62,858 during Asian trading hours and is now down over 19% in February, heading for its worst monthly performance since June 2022, showed a Bloomberg analysis. Today's decline left Bitcoin trading roughly 50% below its early-October record high of $126,272.

Bitcoin is also heading towards the fifth consecutive monthly loss, marking its longest stretch of declines since 2018.

Meanwhile, other cryptos like Ethereum plunged below $1900, while XRP trades at $1.34, BNB at $598.73, Solana at...