Bitcoin Posts 42.7% Third-Quarter Return, Highest in Nine Years

Forecast Trend Report by Period

Bitcoin's price gain in the third quarter reached its highest level in nine years.

According to CoinGlass data on Oct. 1, Bitcoin posted a 42.71% return in the third quarter. That was the strongest third-quarter performance since 2017, when it rose 80.41%, and nearly seven times the 6.31% return recorded a year earlier.

August's 24.95% gain accounted for most of the quarter's advance. Bitcoin rose 7.36% in July and 6.33% in September.

Ethereum posted a 70.8% price gain in the third quarter. On a monthly basis, it rose 18.5% in July, 32.53% in August and 8.77% in September.

Meanwhile, according to CoinMarketCap, Bitcoin was trading in the $84,000 range as of Oct. 1. Ethereum was trading in the $2,700 range.