Bitcoin Is Ending September With First Quarterly Loss This Year
- The SEC deferred decisions this week on Bitcoin ETF proposals
- Higher rates have diminished the allure of riskier assets
The largest cryptocurrency by market value is down about 12% since June.
Photographer: Paul Yeung/BloombergThis article is for subscribers only.
As September comes to a close, Bitcoin is poised to end the quarter on a down note in its first quarterly decline this year.
The largest cryptocurrency by market value is down about 11% since June, and traded at around $26,970 on Saturday in New York. It surged 83% in the first six months of this year, rebounding in part from a 64% plunge seen in 2022 as the digital asset sector was roiled by scandals and bankruptcies.