Bitcoin Posts 42.71% Third-Quarter Return, Best Q3 in Nine Years
Summary
- Bitcoin (BTC) posted a 42.71% return in the third quarter, the highest level in nine years.
- Ethereum (ETH) remained strong, posting a 70.8% price gain in the third quarter.
- According to CoinMarketCap, Bitcoin was trading in the $84,000 range and Ethereum in the $2,700 range.
Forecast Trend Report by Period
Bitcoin's price gain in the third quarter climbed to its highest level in nine years.
According to CoinGlass, Bitcoin posted a 42.71% return in the third quarter. That marked its strongest third-quarter performance since 2017, when it gained 80.41%. Compared with a year earlier, when the return was 6.31%, the figure was nearly seven times higher.
August's 24.95% gain accounted for most of the quarter's advance. Bitcoin rose 7.36% in July and 6.33% in September.
Ethereum posted a 70.8% price gain in the third quarter. On a monthly basis, it rose 18.5% in July, 32.53% in August and 8.77% in September.
According to CoinMarketCap, Bitcoin was trading in the $84,000 range as of Oct. 1. Ethereum was trading in the $2,700 range.
