Bitcoin has posted its strongest quarterly performance since the final quarter of 2024, with its price rising about 40% over the past quarter and nearly 30% since August 19. The move has followed the U.S. Treasury’s announcement that it would more than double the size of its government-debt buyback program.
According to Bitcoin Magazine, the rally adds to signs that the largest cryptocurrency may be in a renewed bull market. Bitcoin recently traded near $83,698, unchanged over 24 hours but up 6% over the previous 30 days in the source report.
Treasury policy and bond yields
The Treasury’s buyback plan was viewed by the market as an effort to support the bond market and reduce pressure on yields. Bond yields had climbed to levels not seen since the 2000s, while the Treasury’s intervention was expected to help bring longer-term borrowing costs lower.
Lower long-term yields can benefit assets such as bitcoin and gold because they reduce the opportunity cost of holding investments that do not generate interest. They can also support broader risk-taking in financial markets. However, yields have remained high despite the Treasury’s efforts to calm the bond market.
Bitcoin’s performance has continued even as those yields stay elevated. The dollar’s decline has also contributed to renewed interest in what is sometimes called the “debasement trade”: buying assets that investors view as a potential hedge against a currency losing value. That theme has regained attention after total U.S. government debt exceeded $40 trillion for the first time in July.
Recovery after a sharp decline
The quarterly advance follows a steep retreat from bitcoin’s record high of $126,080 in October. The cryptocurrency fell by more than 50% from that peak, although the source report describes the resulting downturn as the shallowest bear market in bitcoin’s history so far.
A report from CryptoQuant said bitcoin had returned to a bull market after moving above its 365-day moving average. The firm described that level as a definitive technical signal that has marked the beginning of bull markets in previous bitcoin cycles.
The cryptocurrency has also absorbed several sources of pressure, including a Federal Reserve interest-rate increase and lawmakers’ blockage of the Clarity Act, described in the source material as landmark crypto legislation. The latest quarterly gain nevertheless represents bitcoin’s best performance since the fourth quarter of 2024.
Moneyiar market picture
Moneyiar market data at 09:48-09:49 on October 1, 2026, showed bitcoin at $83,834.3561, up 0.35% over 24 hours and 0.92% over seven days. Other listed digital assets were mixed:
- Gram (prev. Toncoin): $1.5009758, up 0.46% in 24 hours and 6.95% in seven days.
- Aethir: $0.00593245, down 2.03% in 24 hours and up 6.09% in seven days.
- ONEchain: $0.1381760, up 1.07% in 24 hours and down 6.12% in seven days.
The Moneyiar bitcoin figure is slightly above the nearly $83,698 level cited in the earlier report, reflecting the different market-data times.
