Bitcoin's $235 Billion Crash Masks Bigger Shift in Crypto
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The easiest way to understand crypto used to be to look at Bitcoin.When the world's largest cryptocurrency rose, money flooded into startups, venture funds, exchanges and thousands of speculative tokens. When it crashed, businesses disappeared, funding dried up and activity slowed across the industry. Bitcoin wasn't merely the biggest digital asset. It was the center of gravity for the entire crypto , some of the industry's fastest-growing businesses are moving according to a different coin is down sharply. On Friday, it fell below $60,000, extending a decline that has erased around half its value from last year's peak. The selloff has been fueled by money leaving exchange-traded funds, the AI boom competing for retail attention and growing questions about whether the large corporate buyers that helped drive the previous rally can continue accumulating.
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