On June 10, 2023, cryptocurrencies suffered a significant drop. Bitcoin, the most prominent, was trading at US$25,910.17, a decrease of 98% from its previous value.

The broader market was also affected, with a 10% decline in one week. Despite the drop, some experts projected a recovery for Bitcoin between $27,000 and $28,000. This event highlighted the volatility of cryptocurrencies and the importance of diversification in investments.

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