Bitcoin briefly cleared $86,000 in recent weeks and was changing hands around $83,600 on Tuesday afternoon. If prices remain around these levels, the more-than-40% advance from July to September would deliver the first quarterly gain in a year.
A steady run of cash into bitcoin exchange-traded funds has underpinned the rally and stoked hopes for a lasting bull phase. Lately, though, the surge has lost steam as bond yields have jumped, souring risk appetite. Researchers at CryptoQuant caution that a pullback could be taking shape, pointing to traders taking profits and more coins heading to exchanges - a pattern that often precedes selling. They also note that spot demand has eased and speculative futures activity tied to bitcoin is fading.
Short term noise can distract, but steady choices help protect your financial future. Join Briefs Finance CEO Jaspreet Singh on September 29th for a FREE live investor workshop, How to Profit From A Dollar That's Losing its Value, where he shows how we're spotting investment opportunities as the dollar falls. Save your spot.
History might offer a tailwind. October has been bitcoin's strongest month on average, with a 19.1% gain, according to Dow Jones Market Data. If that pattern repeats, it could offset some of the recent cooling, but the near term still hinges on whether ETF flows stay strong and yields calm down. For your wallet, the takeaway is simple: momentum is impressive, but the backdrop is getting trickier.
Keeping a long view often makes it easier to grow and safeguard savings. Our CEO Jaspreet Singh is hosting a FREE live investor workshop, How to Profit From A Dollar That's Losing its Value, on September 29th. Sign up free to join him live.
