Bitcoin Outperforms Traditional Assets Entering Q4
Bitcoin began the fourth quarter with strong momentum, gaining approximately 8% in September while the S&P 500 remained flat and gold declined by over 6%. According to Santiment, this performance was driven by significant inflows into U.S.-listed spot BTC ETFs and continued corporate accumulation, including purchases by MicroStrategy and Strive. Easing U.S. inflation data and reduced concerns regarding Federal Reserve rate hikes further supported the crypto market. While Bitcoin currently faces resistance near $86,000, analysts suggest that sustained ETF demand and improved regulatory clarity provide a positive outlook for the quarter.
Summaries are written by AI from the original article. Not investment advice.