Bitcoin gained about 42% in Q3 as oil and bond yields surged
- —Bitcoin gained about 42% in Q3, trading at $83,383.7 on September 30
- —10-year US Treasury yield hit 5.25%, the highest since 2002
- —Brent crude rose from $73 to $104 a barrel; 3-2-1 crack spread widened from $17 to $62
- —S&P 500 added 2.3%, Nasdaq 2.2%, while the Dow fell 1.9%
Why it matters: Bitcoin outperformed US equity indexes for the quarter, but elevated bond yields and oil prices remain headwinds for Q4.
Source: TokenPost