Cryptocurrency markets have finally received the long-awaited momentum. Bitcoin attracted attention again with its 42.77% increase in value in the last quarter. This performance was recorded as the strongest quarterly gain since the last quarter of 2024. After the stagnant and fluctuating course of the previous quarters, I can say that Bitcoin, which witnessed a sharp rally in the July-September period, made its investors take a deep breath. So, what is behind this strong momentum in the markets?
The most obvious trigger for the momentum in the last weeks of the quarter was the "Innovation Exemption" announced by the SEC on September 17. The decision paves the way for tokenized shares of shares traded in the USA to be traded on the blockchain under certain conditions.
September 15: CLARITY Act procedural vote results 49 to 50, missing the required 60 votes. The market did not react harshly and continued its rise.
September 17: SEC enacted a 5-year temporary and conditional exception, pending legislation. Chairman Paul Atkins described the decision as a step to bring capital markets into the digital age.
September 30: Since September 15, Bitcoin is up nearly 11%; total market capitalization increased from $2.65 trillion to approximately $2.95 trillion.
In the past, Bitcoin has seen both strong rallies and sharp corrections following quarterly gains of 40% or more. However, current macro conditions, debt restructuring moves, regulatory advances and the persistence of corporate interest distinguish this period from temporary fluctuations. This quarter, which is a critical threshold in breaking the bear psychology, strengthened Bitcoin's place in the global financial system. However, one should be careful about possible short-term profit sales.
Other Factors Contributing to the Rise
Treasury: The US Treasury's debt repurchase program and increased liquidity expectations supported the price.
Spot ETF: Institutional equity continued to post strong net inflows throughout September. This indicates that institutional investors maintain long-term position strategies regardless of seasonal patterns.
4th Quarter: Historically, October and the fourth quarter have often been the period with the highest returns. Investors priced in this seasonality and created a buying appetite in the last two weeks of September.
This best quarter of Bitcoin since the end of 2024 played a critical role in breaking the bear psychology in the markets. While price movements make investors happy, analysts warn that they should be careful against possible short-term profit sales and market fluctuations. For those who maintain a long-term perspective, this quarter is etched in memory as a historical threshold where Bitcoin once again proved its indispensable place in the global financial system.
