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Bitcoin Dropped 1.3% as Nasdaq-100 Slid 5.5% in Tech Selloff
Bitcoin declined less than the Nasdaq-100 during last week’s technology sector selloff. Hedge funds reduced technology positions at the fastest pace since at least 2016 over the five trading sessions ending Oct. 15, according to a report citing Goldman Sachs prime brokerage data. The Nasdaq-100 fell 5.49% from its Oct. 9 close of 30,883.15 to 29,187.55.