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:
One week ago: +8.1%
One month ago: +0.1%
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:
One week ago: +12.7%
One month ago: +4.9%
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…
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