Bitcoin (BTC-USD) opened at $63,318.46 on Wednesday, July 8, 2026, down 1.1% from Tuesday’s open. The price of bitcoin was 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% compared to Tuesday’s opening price. Ethereum prices this morning shifted to $1,742.22 as of 8:45 a.m. ET.
Both bitcoin and ethereum prices are trending downward this morning following renewed hostilities in the Middle East.
The U.S. conducted airstrikes against Iranian targets in retaliation for Iran firing on non-military ships in the Strait of Hormuz. Talks between the two countries were already on pause as Iran observes a weeklong funeral for the late Supreme Leader Ali Khamenei, and now the airstrikes and the president’s recent comments put long-term peace into serious jeopardy.
Demand for risk-based assets like crypto tends to decline during uncertain geopolitical situations such as this. Analysts and investors will be monitoring whether this is a temporary or longer-lasting trend in crypto, even as it’s already trying to recover from one of its worst monthly performances in years.
Current price of bitcoin and ethereum
Bitcoin
The price of bitcoin this morning was 1.1% lower than the day before. Here’s a look at how the opening bitcoin price has changed versus last week, month, and year:
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One week ago: +8.1%
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One month ago: +0.1%
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One year ago: -41.5%
The all-time high for bitcoin was $126,198.07 on Oct. 6, 2025. The all-time low value for bitcoin was $0.04865 on July 14, 2010.
Ethereum
The price of ethereum this morning was down 1.6% compared to Tuesday morning. Here’s a look at how the opening ethereum price has changed versus last week, month, and year:
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One week ago: +12.7%
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One month ago: +4.9%
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One year ago: -30.4%
The all-time high for ethereum was $4,953.73 on Aug. 24, 2025. The all-time low value for ethereum was $0.4209 on Oct. 21, 2015.
Bitcoin, ethereum, and other cryptocurrencies are rapidly evolving. Follow the latest developments from Yahoo Finance and others here.
Crypto and taxes
You generally owe taxes when you sell cryptocurrency for more than you paid for it. This also applies when you exchange one digital asset for another. Converting bitcoin into ethereum, for example, isn’t “just a trade” in the eyes of the IRS. It’s a taxable event if the value changes.
Crypto taxes aren’t paid at the time of the transaction, but instead, they’re reported on your tax return for the year in which the transaction took place. So, if you sold crypto for a profit at any point during 2025, that activity is reported when you file your 2025 return in early 2026.
How much tax you pay depends on two main factors:
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How long you held the asset before selling
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Your overall taxable income and filing status
Hold it for less than a year, and you’ll usually face higher rates. Hold it longer, and the rates tend to be lower.
This holding-period distinction matters more than most people realize. A few days can make a difference of as much as 17% or more — so timing matters.
Learn more: Yes, crypto is taxed. Here’s when you have to pay.
Bitcoin and ethereum price charts
Whether you’re brand new to tracking the value of bitcoin and ethereum or a more seasoned crypto investor, Yahoo Finance’s price-of-bitcoin and price-of-ethereum charts below show a visual history of how the currencies’ value continues to move and evolve.
More on crypto from the Yahoo Finance team:
Source: Original Article
