Bitcoin Eyes Best Q3 Performance in Nine Years Despite Dip
BTC slipped under $83K on US-Iran tensions but holds a 40%-plus quarterly gain, its strongest Q3 in nearly a decade.
Bitcoin dropped below $83,000 at the start of the week as escalating tensions between the United States and Iran rattled risk assets broadly, pulling the leading cryptocurrency off recent highs and renewing volatility concerns among traders.
Despite the early-week selloff, Bitcoin remains more than 40% higher for the third quarter, a performance that — if sustained through the end of September — would mark the asset's strongest Q3 showing in nine years, underscoring the resilience of the rally that began earlier this summer.
Read more Solana Erases Friday Gains as Trump Rejects Iran Ceasefire Deal →
Market participants are now closely watching two pivotal macro catalysts set to arrive in the coming days: fresh inflation data and a new round of jobs figures from the US government. Both reports carry significant weight for Federal Reserve rate expectations, which in turn influence appetite for risk assets including crypto.
Analysts note that Bitcoin's ability to hold its quarterly gains through a geopolitical shock is itself a signal of underlying demand, though the dual macro prints could introduce sharp swings in either direction depending on how the numbers land relative to consensus forecasts.
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