Bitcoin's 44% gain in third quarter teases full-blown crypto bull run
Your day-ahead look for Sept. 21, 2026
Gold is up 8.7% while the S&P 500 has added just 2%. Meanwhile, Wall Street's tech-heavy index, Nasdaq, has gained just 2%, according to data source TradingView.
This marks a complete change from early this year when bitcoin was the underperformer and stocks, gripped by the AI fervour, were on a tear.The good news for BTC bulls doesn't end there. The cryptocurrency is also outperforming names like NVDA, one of the world's biggest companies, up 11%.
And yet, bitcoin doesn't necessarily look expensive based purely on where it trades relative to its record price. Despite the solid rally, prices are still down 48% from the record price of $126,000 in October last year.
The firm sees Ethereum benefiting disproportionately from this regulatory opening as it serves as the leading public blockchain for tokenized assets.