Bitcoin and ethereum prices today, Wednesday, July 8, 2026: Crypto prices down following U.S.-Iran strikes

Bitcoin (BTC-USD) opened astatine $63,318.46 connected Wednesday, July 8, 2026, down 1.1% from Tuesday's open. The terms of bitcoin was down to $62,044.96 arsenic of 8:45 a.m. ET this morning.

Ethereum (ETH-USD) opened astatine $1,769.31 connected Wednesday, July 8, 2026, down 1.6% compared to Tuesday's opening price. Ethereum prices this greeting shifted to $1,742.22 arsenic of 8:45 a.m. ET.

Both bitcoin and ethereum prices are trending downward this greeting pursuing renewed hostilities successful the Middle East.

The U.S. conducted airstrikes against Iranian targets successful retaliation for Iran firing connected non-military ships successful the Strait of Hormuz. Talks betwixt the 2 countries were already connected intermission arsenic Iran observes a weeklong ceremonial for the precocious Supreme Leader Ali Khamenei, and present the airstrikes and the president's caller comments enactment semipermanent bid into superior jeopardy.

Demand for risk-based assets similar crypto tends to diminution during uncertain geopolitical situations specified arsenic this. Analysts and investors volition beryllium monitoring whether this is simply a impermanent oregon longer-lasting inclination successful crypto, adjacent arsenic it's already trying to retrieve from 1 of its worst monthly performances successful years.

Current terms of bitcoin and ethereum

Bitcoin

The terms of bitcoin this greeting was 1.1% little than the time before. Here's a look astatine however the opening bitcoin terms has changed versus past week, month, and year:

• One week ago: +8.1%

• One period ago: +0.1%

• One twelvemonth ago: -41.5%

The all-time precocious for bitcoin was $126,198.07 connected Oct. 6, 2025. The all-time debased worth for bitcoin was $0.04865 connected July 14, 2010. 

Ethereum

The terms of ethereum this greeting was down 1.6% compared to Tuesday morning. Here's a look astatine however the opening ethereum terms has changed versus past week, month, and year:

• One week ago: +12.7%

• One period ago: +4.9%

• One twelvemonth ago: -30.4%

The all-time precocious for ethereum was $4,953.73 connected Aug. 24, 2025. The all-time debased worth for ethereum was $0.4209 connected Oct. 21, 2015. 

Bitcoin, ethereum, and different cryptocurrencies are rapidly evolving. Follow the latest developments from Yahoo Finance and others here.

Crypto and taxes

You mostly beryllium taxes erstwhile you merchantability cryptocurrency for much than you paid for it. This besides applies erstwhile you speech 1 integer plus for another. Converting bitcoin into ethereum, for example, isn't "just a trade" successful the eyes of the IRS. It's a taxable lawsuit if the worth changes.

Crypto taxes aren't paid astatine the clip of the transaction, but instead, they're reported connected your taxation instrumentality for the twelvemonth successful which the transaction took place. So, if you sold crypto for a nett astatine immoderate constituent during 2025, that enactment is reported erstwhile you record your 2025 instrumentality successful aboriginal 2026.

How overmuch taxation you wage depends connected 2 main factors:

1. How agelong you held the plus earlier selling

2. Your wide taxable income and filing presumption

Hold it for little than a year, and you'll usually look higher rates. Hold it longer, and the rates thin to beryllium lower.

This holding-period favoritism matters much than astir radical realize. A fewer days tin marque a quality of arsenic overmuch arsenic 17% oregon much — truthful timing matters.

Learn more: Yes, crypto is taxed. Here's erstwhile you person to pay.

Bitcoin and ethereum terms charts

Whether you're marque caller to tracking the worth of bitcoin and ethereum oregon a much seasoned crypto investor, Yahoo Finance's price-of-bitcoin and price-of-ethereum charts beneath amusement a ocular past of however the currencies' worth continues to determination and evolve.

More connected crypto from the Yahoo Finance team: 

• How to commercialized crypto: A step-by-step usher

• Do you request a bitcoin recognition card? 

• Can you bargain crypto with a recognition card? 

• President Trump called for a strategical bitcoin reserve. How it would work. 

• How to bargain a location with crypto

• How to bargain ethereum — and what to cognize earlier you bash

• How to bargain solana: A step-by-step usher