Crypto World Braces for Failures as Bitcoin Falls Below $60K

Bitcoin dropped below $60,000, its lowest price in two years, wiping out billions across the crypto market. Cardano founder Charles Hoskinson warned of a coming wave of failures, with projects disappearing and developers leaving. Most venture-backed tokens trade more than 90% below their launch price. Over $1.7 billion in digital assets were liquidated in 24 hours.