Bitcoin slips 2% in October as Uptober rally fails to materialize

Bitcoin price dropped 2% in October after retaking $82,000, underperforming the historically bullish "Uptober" period. U.S. investors redeemed $228.4 million in Bitcoin ETF shares last week, with BlackRock, Fidelity, and Grayscale funds seeing outflows. Despite the slow start, analysts say Bitcoin is in a bull market after rallying from under $70,000 earlier this year.