Bitcoin Gains More Than 30 Percent in the Third Quarter

Bitcoin gained more than 30% during the third quarter of 2021, outperforming the same period the previous year.

Bitcoin (BTC), which opened the second quarter of the year above $ 58,000, a 40% drop recorded its weakest quarter since 2018.

As of today, BTC, which has entered the remaining third quarter at the level of approximately $ 33,000, is about the quarter according to The Block data. From $44,000 closed, showing an increase of 30%. A performance of approximately 17% was recorded for the same period of the previous year.

ongoing since 2017 closing every september in minus Although the series continued and the price fell more than 10% throughout September 2021, the fourth quarter was entered with a daily increase of 10.5% according to CoinGecko data.

Ether (ETH), second only to bitcoin in market capitalization It gained more than 40% in value.

Largest volume seen since May

According to The Block index, the total spot volume of cryptocurrency exchanges increased to $ 1.25 trillion in September, compared to the previous month. about 13% reveals a growth and has been seen since May 2021 the highest level constitutes.

total spot volume in August constituting 65% USDT pairs took a 62% share in September. Weight of USD pairs %12 while this number was 10% for BUSD and 8.5% for BTC.

At the quarterly level, the approximate $4.82 trillion spot volume, approx. $3.01 trillion declined.

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