News: Bitcoin experienced a significant price correction today, dropping nearly $3,000 from its recent highs and marking its sharpest sell-off since March. This downturn, potentially driven by profit-taking and regulatory concerns, has also impacted other cryptocurrencies. Exchange outages on Coinbase added to the volatility. Despite the short-term bearish pressure, underlying long-term bullish factors like institutional adoption and mainstream integration remain.

Market Probabilities: 
Bull 30% | Base 40% | Bear 30%

Recommendations: 
Short-term: HOLD
Long-term: BUY
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