Solana (SOL) is trading above $195 at the time of writing on Thursday, indicating that sentiment in the broader cryptocurrency market may be shifting positively.
Bitcoin (BTC) is declining for the third consecutive day, trading around $110,500 at the time of writing on Thursday. The drawdown follows the largest deleveraging event in the history of the cryptocurrency industry on Friday, which continues to drag sentiment in the broader crypto ecosystem down.
Gold (XAU) outperformed Bitcoin (BTC) in the third quarter (Q3), rallying to a record high and closing Q3 with double-digit gains. Meanwhile, BTC delivered only modest returns after its mid-August peak, setting the stage for a closely watched Q4.