š Bitcoin (BTC) records first quarterly decline of 2023, falling to $27,000! š® The cryptocurrency dropped nearly 13% from July's $31,000 price. BTC's performance was affected by an uncertain macroeconomic environment and postponed SEC decisions on spot Bitcoin ETF proposals. Will Q4 bring a rally or more uncertainty? š¤ Share your thoughts in the comments! š¬
- Q1 & Q2 saw an 83% surge in BTC value
- Federal Reserve maintained high interest rates to combat inflation
- SEC postponed ETF decisions from BlackRock, Ark 21Shares, and GlobalX until 2023
- Mixed signals on regulation and macroeconomy contribute to unclear BTC trajectory