Bitcoin is hovering at $83,000, but it is expected to increase by 42% in the third quarter

On Wednesday, the cryptocurrency market lacked direct catalysts, and the price of Bitcoin was almost stagnant. However, supported by expectations of favorable U.S. regulatory policies, the cumulative gains this quarter are still impressive.
Bitcoin retreated slightly earlier this week before gradually stabilizing. The market is paying close attention to whether the recent rise in U.S. Treasury yields has slowed down and whether tensions between the U.S. and Iran can substantively ease.