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Bitcoin slips 2% in October as investors redeem $228.4 million from ETFs last week
Bitcoin's price has dropped 2% so far in October, a month historically known for bullish performance (dubbed "Uptober"). Last week, U.S. investors cashed out $228.4 million from exchange-traded funds managed by BlackRock, Fidelity, and Grayscale. Despite a brief recovery to over $82,000 on Monday, Bitcoin remains down over a seven-day period.
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