Bitcoin Holds Ground Above $84,000 Ahead of Historic Q3 Rally

Bitcoin has steadied above $84,000 on Sunday as it nears the end of its second-best third quarter on record. The cryptocurrency has gained roughly 43.5% during the third quarter, rising from about $58,500 at the start of July.

This performance would make the period Bitcoin's strongest Q3 since 2017, when it gained about 80%, according to data cited by crypto publication Bitcoin.com.

Spot trading activity has increased, and profit-taking has remained relatively restrained, supporting the cryptocurrency as September draws to a close. Institutional adoption also provided another focus after Strategy Chairman Michael Saylor called for U.S. banks to expand their involvement in Bitcoin.