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BITCOIN
🤷‍♂️ Bitcoin wins either way 

Word On The Street: Bitcoin experienced a 4.1% drop between October 21 and 22 after facing resistance near $69,500, erasing the previous week’s gains.

The details:

• Despite the macroeconomic challenges, Bitcoin’s fundamentals for a sustained rally remain intact.

• Increased demand for gold, even as tech companies report strong earnings, indicates waning confidence in traditional markets.

• Bitcoin ETFs have seen $2.68 billion in net inflows since October 11, bringing total assets under management to $51.7 billion

Why it matters: With growing investor interest in alternative assets, strong demand for Bitcoin ETFs, and a robust network supported by rising hashrates, Bitcoin’s prospects for a price recovery appear promising despite current volatility.

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