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Story summary
- Bitcoin's price has fallen below $64,000, nearly 50% from its peak.
- The downturn is described as a "crypto winter," with Ether and Solana down over 30% in the past week.
- A leading cryptocurrency exchange is laying off a large portion of its workforce.
- The push for supportive legislation has stalled in Congress.
- The crisis follows a 2022 collapse and shows Bitcoin's vulnerability to broader trends despite White House support.
