Bitcoin$BTC is trading around $83,300 on September 30, after recently reaching an eight-month high near $87,400. Recent data shows that the rally is losing some momentum as spot Bitcoin demand and speculative futures activity have weakened.
BTC
83,308.05
-0.59%
Bitcoin is still on track for a strong third quarter, with its price having gained more than 40% from July through September. However, higher U.S. Treasury yields and a stronger dollar are creating pressure across risk assets, including crypto.
Meanwhile, Ethereum$ETH is also attracting institutional attention. Bitmine recently reported holdings of more than 6 million ETH, representing about 4.9% of Ethereum's total supply.
ETH
2,677.67
-1.00%