๐ Bitcoin Ends Q3 with Modest Gains Amid Global Uncertainties ๐
Bitcoin (BTC) wrapped up Q3 2024 with a modest 0.8% price increase, overshadowed by gold's impressive 13.8% rise, driven by economic concerns and global tensions. Data from CoinGecko highlights BTC's underperformance compared to assets like the Japanese Yen, which surged 12% after a surprise rate hike by the Bank of Japan.
๐ Market Dynamics:
- Bitcoin outperformed crude oil and the U.S. Dollar Index.
- Top 10 centralized exchanges saw a 15% decline in trading volumes.
- Binance's market share fell below 40%, while Crypto.com surged to second place.
๐ฌ What are your thoughts on Bitcoin's Q3 performance? Share in the comments!