The entire crypto asset class dipped nearly 18% in less than a day this week. Bitcoin (CRYPTO: BTC), the flagship cryptocurrency, plummeted from $60,000 to as low as $49,000. This dramatic sell-off came after a strong start to the year, where Bitcoin surged over 60%, making this sudden downturn particularly jarring.

This kind of volatility isn't new to Bitcoin. But even with its reputation for dramatic price fluctuations, each significant dip raises the question: Is this a reason to panic -- or is it a prime buying opportunity?

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Source Fool.com