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Bitcoin has experienced a sharp drop that has tested the confidence of its recent Wall Street admirers. After losing approximately $600 billion in market value, many institutional and individual investors have been surprised by the cryptocurrency's extreme volatility. The recent drop has raised doubts about Bitcoin's stability and future as a store of value and investment asset. Experts point out that this volatility may reflect the still-developing maturity of the crypto market, and that investors should be cautious in the face of extreme fluctuations.
