Bitcoin bear market may not be over, Fidelity warns

Bitcoin recorded its strongest monthly gain since November 2024 during August, but Fidelity said the advance does not prove that the latest crypto bear market has ended. Summary Bitcoin posted its strongest monthly gain since November 2024, according to Fidelity’s fourth-quarter outlook report. Fidelity said August’s rally does not confirm that Bitcoin’s latest bear market has already ended. Bitcoin gained more than 25% during August’s third week as market volatility sharply increased again. The SEC’s Regulation Crypto Assets comment period remains open through October 20, 2026, for comments. Senate lawmakers face a September 15 procedural vote determining whether CLARITY formally advances toward debate. In its fourth-quarter crypto market outlook, Fidelity said Bitcoin, Ethereum and several altcoins recorded their strongest positive months since late 2025. Bitcoin gained more than 25% during the third week of August alone. Ethereum rose 34.1% during the same period, while Solana advanced 28%, according to Fidelity. The gains followed relatively subdued market activity from June through the middle of August. However, Fidelity warned that the rally could represent either the beginni...