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Oil prices declined amid hopes of reaching a ceasefire between Russia and Ukraine, which led to a recovery in Bitcoin to around $84,000 after a previous drop caused by outbound fund flows from investment funds. U.S. President Donald Trump announced a "peace of energy" between the two countries, boosting expectations of improved oil supplies and supporting high-risk assets. Meanwhile, other cryptocurrencies such as Ethereum and meme-related tokens saw significant gains, amid expectations that October is typically a good month for Bitcoin despite ongoing market pressures.
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