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Bitcoin Slides to $83,000 as Altcoin Rally Reverses

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Bitcoin declined 1.7% to trade at $83,000, extending losses across the broader crypto market. The CoinDesk 100 index fell harder, dropping 2.6% as altcoins that led Friday's gains gave back their advances. The reversal came as oil prices climbed back above $100 per barrel, signaling a shift in broader market sentiment. Friday's top-performing digital assets were among the hardest hit during the pullback.

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