Crypto News

The Fourth-Quarter Phenomenon The fourth quarter of the year has historically been a bullish period for Bitcoin, with the price typically seeing strong gains. This phenomenon has been observed in the past eight years, with Bitcoin seeing an average increase of 55% in the fourth quarter. Uncertain Demand Growth Despite the favorable historical trend, the demand growth for Bitcoin remains uncertain. The number of active Bitcoin addresses, a key indicator of demand, has been decreasing since the peak in June. This indicates a lack of new investors entering the market and potentially dampens the possibility of a strong rally in the fourth quarter. The Impact of Institutional Investors One potential factor that could drive demand growth is the increasing involvement of institutional investors in the crypto market. With large companies like Square and MicroStrategy investing significant amounts of their cash reserves into Bitcoin, it could lead to a surge in demand and potentially pu...