Bitcoin is Down 11% in Q3 But Remains Best-Performing Asset of the Year!

Author: Mustafa Mulla

Mustafa has been writing about Blockchain and crypto since many years. He has previous trading experience and has been working in the Fintech industry since 2017.

Oct 7, 2023 10:03

Bitcoin is witnessing 11% fall in Q3, according to NYDIG. However, it has still risen 63% since 2023 and is the best-performing asset of the year. This is not unusual given that Q3 is historically the weakest period for Bitcoin, while Q4 has been one of the best for the cryptocurrency. It is unclear why these trends exist, but many experts believe that the holidays, institutional adoption, and regulation could push Bitcoin prices higher. As always, investors should conduct thorough research before investing in cryptocurrencies.