Bitcoin and Ethereum Achieve Record Q3 Gains
- Bitcoin surged by approximately 43.5% in Q3, reaching about $84,000 from $58,500.
- Ethereum jumped by a record-setting 71%, surpassing its previous Q3 high of roughly 66.5% in the prior year.
- Bitcoin’s next resistance level is near the mean MVRV price of $96,700 as it enters Q4 with momentum.
- ETF and spot demand have strengthened for both Bitcoin and Ethereum, supporting their price rallies.
- Profit-taking has been subdued compared to previous peaks, indicating sustained investor interest.
The third quarter of this year marked an extraordinary period for cryptocurrencies, with both Bitcoin and Ethereum achieving significant gains that defied historical trends for these months. This performance sets a strong foundation as they head into the fourth quarter, traditionally a more robust period for crypto markets.
Bitcoin’s impressive rise of over 43% positions it for its second-best Q3 ever, while Ethereum’s record-breaking increase highlights growing market confidence and demand across the sector.
