Bitcoin (BTC-USD) opened at $63,318.46 on Wednesday, July 8, 2026, down 1.1% from Tuesday’s open. The worth of bitcoin was all the way down to $62,044.96 as of 8:45 a.m. ET this morning.
Ethereum (ETH-USD) opened at $1,769.31 on Wednesday, July 8, 2026, down 1.6% in comparison with Tuesday’s opening worth. Ethereum costs this morning shifted to $1,742.22 as of 8:45 a.m. ET.
Each bitcoin and ethereum costs are trending downward this morning following renewed hostilities within the Center East.
The U.S. performed airstrikes towards Iranian targets in retaliation for Iran firing on non-military ships within the Strait of Hormuz. Talks between the 2 international locations have been already on pause as Iran observes a weeklong funeral for the late Supreme Chief Ali Khamenei, and now the airstrikes and the president’s latest feedback put long-term peace into critical jeopardy.
Demand for risk-based property like crypto tends to say no throughout unsure geopolitical conditions resembling this. Analysts and buyers can be monitoring whether or not it is a non permanent or longer-lasting development in crypto, even because it’s already attempting to get well from certainly one of its worst month-to-month performances in years.
Present worth of bitcoin and ethereum
Bitcoin
The worth of bitcoin this morning was 1.1% decrease than the day earlier than. This is a have a look at how the opening bitcoin worth has modified versus final week, month, and yr:
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One week in the past: +8.1%
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One month in the past: +0.1%
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One yr in the past: -41.5%
The all-time excessive for bitcoin was $126,198.07 on Oct. 6, 2025. The all-time low worth for bitcoin was $0.04865 on July 14, 2010.
Ethereum
The worth of ethereum this morning was down 1.6% in comparison with Tuesday morning. This is a have a look at how the opening ethereum worth has modified versus final week, month, and yr:
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One week in the past: +12.7%
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One month in the past: +4.9%
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One yr in the past: -30.4%
The all-time excessive for ethereum was $4,953.73 on Aug. 24, 2025. The all-time low worth for ethereum was $0.4209 on Oct. 21, 2015.
Bitcoin, ethereum, and different cryptocurrencies are quickly evolving. Comply with the newest developments from Yahoo Finance and others right here.
Crypto and taxes
You usually owe taxes whenever you promote cryptocurrency for greater than you paid for it. This additionally applies whenever you alternate one digital asset for one more. Changing bitcoin into ethereum, for instance, is not “only a commerce” within the eyes of the IRS. It is a taxable occasion if the worth modifications.
Crypto taxes aren’t paid on the time of the transaction, however as an alternative, they’re reported in your tax return for the yr by which the transaction passed off. So, in case you bought crypto for a revenue at any level throughout 2025, that exercise is reported whenever you file your 2025 return in early 2026.
How a lot tax you pay depends upon two primary elements:
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How lengthy you held the asset earlier than promoting
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Your total taxable revenue and submitting standing
Maintain it for lower than a yr, and you may often face greater charges. Maintain it longer, and the charges are usually decrease.
This holding-period distinction issues greater than most individuals notice. A number of days could make a distinction of as a lot as 17% or extra — so timing issues.
Be taught extra: Sure, crypto is taxed. This is when it’s a must to pay.
Bitcoin and ethereum worth charts
Whether or not you are model new to monitoring the worth of bitcoin and ethereum or a extra seasoned crypto investor, Yahoo Finance’s price-of-bitcoin and price-of-ethereum charts beneath present a visible historical past of how the currencies’ worth continues to maneuver and evolve.
Extra on crypto from the Yahoo Finance workforce: