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Bitcoin rebounds but investor sentiment slumps; $83,000 level key test

Bitcoin rebounded to around $83,600, but markets continue to weigh the risk of further declines. Prediction markets price a 67 percent chance it slips to $80,000 in October. The broader crypto market rose 2.1 percent to $2.89 trillion, still below levels above $3 trillion a week earlier. Bitcoin spot ETFs saw large outflows on Oct. 8 and again on Oct. 9. Analysts point to higher U.S. yields and Fed minutes as pressure on risk appetite.