Bitcoin and Ether Show Strong Quarterly Gains Amid Rising Interest Rates
- Bitcoin rose to $83,971.05, marking a 42.7% increase in Q3.
- Ether climbed to $2,706.89, up by 70.8% during the same period.
- Both cryptocurrencies remained relatively stable on the first day of Q4.
- The U.S. Treasury yield reached a new high of 5.362%, before retracting to around 5.282%.
- Economists predict that the U.S. added approximately 90,000 jobs in September with an unemployment rate steady at 4.1%.
The performance of Bitcoin and Ether in Q3 highlights their resilience amid fluctuating interest rates and economic forecasts.
With Bitcoin’s notable rise of over $83,000 and Ether’s significant gain above $2,700, both assets are showing strong momentum despite broader economic concerns.(Source)
