📉 Bitcoin (BTC) ended September with a drop to $27,000, marking its first quarterly decline this year. 😲 In July, the cryptocurrency was at around $31,000, marking a drop of almost 13% over the second quarter of 2023.
🔹 According to Bloomberg, Bitcoin rose 83% in the first two quarters of 2023, but has traded in a relatively narrow range over the past few months due to an uncertain macroeconomic environment.
🔹 Some investors expected demand for Bitcoin to increase if the SEC approved Bitcoin exchange-traded funds (ETFs), but decisions on ETF proposals from BlackRock, Ark 21Shares and GlobalX were delayed until 2023.
🤔 What do you think awaits Bitcoin in the fourth quarter? Discuss in the comments! 👇
🔹 According to Bloomberg, Bitcoin rose 83% in the first two quarters of 2023, but has traded in a relatively narrow range over the past few months due to an uncertain macroeconomic environment.
🔹 Some investors expected demand for Bitcoin to increase if the SEC approved Bitcoin exchange-traded funds (ETFs), but decisions on ETF proposals from BlackRock, Ark 21Shares and GlobalX were delayed until 2023.
🤔 What do you think awaits Bitcoin in the fourth quarter? Discuss in the comments! 👇