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Galaxy Digital's chief of research has changed his outlook on Bitcoin after a significant market decline on Tuesday. His previous bullish stance was prompted by the cryptocurrency's potential recovery, but the recent plunge has raised concerns about its volatility. The Bitcoin market is currently facing challenges, with analysts indicating that the plunge may affect investor sentiment significantly. This shift highlights the unpredictable nature of Bitcoin and the broader cryptocurrency market. The recent market developments serve as a reminder of the need for caution in investment strategies related to digital assets, especially during turbulent times. The research field continues to monitor these trends closely, adjusting analyses and expectations accordingly.

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