Bitcoin and S&P 500 Eye Quarterly Loss as Bonds Look Most Attractive Since 2009

The top cryptocurrency by market value traded at $26,100, representing a 14% decline for the third quarter, assuming losses hold through Sept. 30. At Friday’s close of $4,320.05, the S&P 500, the benchmark for risk assets worldwide, including cryptocurrencies, was down nearly 3% for the third quarter.