Bitcoin Stabilizes Above $84,000 as Q3 Rally Nears End

Bitcoin has stabilized above $84,000 on Sunday as it approaches the end of its second-best third quarter since 2017. The cryptocurrency's price has increased by around 43.5% during this period, making it one of the strongest Q3 performances in history.

The token's value rose to $84,626.50 at 01:39 ET (05:39 GMT) on Sunday, marking a 0.84% increase for the day. This stability is attributed to stronger spot activity and institutional demand.

Michael Saylor, Strategy Chairman, recently called for U.S. banks to expand their involvement in Bitcoin by offering custody and loans backed by the cryptocurrency. He argued that existing capital requirements restrict broader participation and urged regulators to reconsider the 1,250% risk weighting applied to crypto holdings.

In related news, crypto security risks remain a concern following the $387.5 million hack of. The attacker moved around $83 million of stolen from three holding wallets by Saturday, but approximately $75 million remained across the original accounts.