Bitcoin Holds Above $84,000 as Strong Quarter Winds Down

Bitcoin was trading above $84,000 on Sunday as the third quarter neared its end. Investing.com reported a gain of about 43.5% for Bitcoin this quarter, which would make it the cryptocurrency’s strongest third quarter since 2017.

As of 06:37 UTC Sunday, Bitcoin traded at $84,530, up 0.74% over the previous 24 hours. Earlier Sunday, Investing.com reported a price of $84,626.50, up 0.84% for the day.

Increased spot trading and institutional demand have supported Bitcoin, according to the report. The cryptocurrency also passed Friday’s large quarterly options expiry without major disruption, while profit-taking remained relatively restrained.

Strategy Chairman Michael Saylor called for U.S. banks to expand their role in Bitcoin, including offering custody and loans backed by the cryptocurrency. He urged regulators to reconsider the 1,250% risk weighting for the riskiest category of crypto holdings under international banking standards.

Ether has gained roughly 71% this quarter, putting it on course for its strongest third quarter on record. Security risks also remained in focus after the $387.5 million hack of Bitget.