Prices mixed as analysts debate crypto bottom

Bitcoin (BTC-USD) opened at $66,081.05 on Thursday, July 23, 2026, 0.6% lower than Wednesday’s opening price. As of 9:22 a.m. ET this morning, the price of bitcoin moved down to $65,054.55.

Ethereum (ETH-USD) opened at $1,933.32 on Thursday, July 23, 2026, up 0.3% from Wednesday’s opening price. The price of ethereum moved lower this morning to $1,899.38 as of 9:22 a.m. ET.

Bitcoin and ethereum have shown slight gains over the past month, fueling cautious optimism that the crypto market has hit a bottom.

In June, Coinbase CEO Brian Armstrong said that bitcoin hit its low point near $60,000. After Armstrong’s prediction, the digital currency dipped below $58,000 briefly. Bitwise CIO Matt Hougan expressed a similar sentiment in early July.

More recently, Grayscale analyst Zach Pandl suggested Bitcoin could fall further, bottoming out in September or October, with a caveat: “If the Fed forgoes rate hikes and economic growth holds up well, Bitcoin’s price may already have bottomed.”

The price of bitcoin this morning was 0.6% lower than Wednesday’s opening price. Here’s a look at how the opening bitcoin price has changed versus last week, month, and year:

One week ago: +2.1%

One month ago: +3.3%

One year ago: -44.9%

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. 

The price of ethereum this morning was 0.3% higher than Wednesday’s open. Here’s a look at how the opening ethereum price has changed versus last week, month, and year:

One week ago: +0.9%

One month ago: +12%

One year ago: -48.4%

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.

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