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Bitcoin Posts Best Third Quarter Since 2021 as Traders Question Rally

Bitcoin Posts Best Third Quarter Since 2021 as Traders Question Rally

A sharp turnaround

Bitcoin entered the third quarter deep in a hole. The first half of the year was rough, with the asset dropping to a low point that left many investors nursing losses. The recovery since then has been steady, and the nearly 11% gain marks the best third-quarter showing in five years. That's a notable shift after months of pain, but it hasn't erased the earlier damage. The climb has been gradual, not a sudden spike, and the asset is still working to recover from the first half's losses.

Skepticism lingers

The rally has its skeptics. Traders are questioning whether the rebound can hold, and the caution is understandable. The first half's slide was sharp, and a bounce of this size can sometimes be a temporary reprieve rather than a lasting shift. The question is whether the buying pressure will