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Bitcoin stabilizes near $81,700, altcoins rebound, PEPE up 13%
Bitcoin has risen 0.5% since UTC midnight, trading at around $81,700, but its gains lag behind altcoins. Ethereum is up 0.9%, the CoinDesk 80 Index is up 0.7%, while the Memecoin Index has gained 2.9%, with PEPE up 13%. This rebound follows Thursday's tech stock sell-off, when the Nasdaq Composite Index fell 2.6%, its largest drop since June. Traders are now focused on the Federal Reserve's October 27-28 meeting and ETF flows, after US spot Bitcoin ETFs saw a net outflow of $635 million on Thursday.
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Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
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