Bitcoin and Ethereum Outperform in Q3 as Crypto ETFs Gain Traction, While Regulation Weighs on Altcoins
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Bitcoin (BTC) and Ether (ETH) outperformed the broader crypto market in Q3 amid demand for crypto ETFs and regulatory pressure on altcoins.
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BTC benefited from institutional interest in Bitcoin ETFs, while ETH marked the 1-year anniversary of its transition to Proof-of-Stake.
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U.S. regulation was a key driver, with SEC actions and ETF filings causing significant price movements.
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DeFi and Computing sectors outperformed in September, but Culture & Entertainment underperformed over the quarter.
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Lower volatility and correlation suggest a maturation of the crypto market, but declining volumes could indicate illiquidity.