Bitcoin has shown a strong performance, gaining 42.7% in the third quarter, the best quarterly increase since its 68.7% surge in early 2024. Ether also performed well, climbing 70.8%, marking its largest rise since an impressive 160.7% increase in the first quarter of 2021.
As the fourth quarter begins, Bitcoin is trading just below $84,000 while Ether is slightly above $2,700, with both cryptocurrencies showing little change.
In broader economic news, the U.S. 10-year Treasury yield reached a 24-year high of 5.362% before settling at 5.282%. This fluctuation comes as traders adjust their positions ahead of the upcoming U.S. Nonfarm Payrolls Report for September, which economists expect will reflect an addition of 90,000 jobs and an unemployment rate of 4.1%.
