Bitcoin (BTC-USD) started the day at $76,340.38 on Wednesday, marking a 1.3% decrease from the previous day’s opening price of $77,368.12. However, the cryptocurrency saw a positive trend in early trading hours, climbing to $77,507.63 by 7:24 a.m. ET.
On the other hand, Ethereum (ETH-USD) opened at $2,289.20 on Wednesday, which was 0.6% lower than Tuesday’s opening price of $2,303.08. Similar to Bitcoin, Ethereum also experienced a rise in value this morning, reaching $2,330.43 at 7:24 a.m. ET.
The market has been witnessing a downward trend in the opening values of both Bitcoin and Ethereum throughout the week. However, prices have been on the rise today as investors analyze the potential impact of an extended closure of the Strait of Hormuz on their risk exposure. Both cryptocurrencies have maintained values above $77,000 and $2,300 consistently over the past week, with investors gearing up for a Federal Reserve decision later in the day.
Current Price of Bitcoin and Ethereum
Bitcoin’s price this morning was 1.3% lower than the previous day. Here’s a breakdown of how the opening price of Bitcoin has changed compared to last week, last month, and last year:
– One week ago: No change
– One month ago: +15.1%
– One year ago: -19.6%
The all-time high for Bitcoin was recorded at $126,198.07 on October 6, 2025, while the all-time low value was a mere $0.04865 on July 14, 2010.
Ethereum’s price this morning was 0.6% lower than the previous day. Here’s a look at how the opening price of Ethereum has changed compared to last week, last month, and last year:
– One week ago: -1.7%
– One month ago: +14.9%
– One year ago: +27.3%
The all-time high for Ethereum was $4,953.73 on August 24, 2025, and the all-time low value was $0.4209 on October 21, 2015.
Crypto and Taxes
When selling cryptocurrency for a profit, taxes are owed on the gains. This applies not only to selling for fiat currency but also when exchanging one digital asset for another. The IRS considers these transactions as taxable events if there is a change in value.
Taxes on crypto transactions are reported on the tax return for the year in which the transaction occurred, rather than at the time of the transaction. The amount of tax owed depends on how long the asset was held before selling and the taxpayer’s overall taxable income and filing status.
Bitcoin and Ethereum Price Charts
For those interested in tracking the value of Bitcoin and Ethereum, Yahoo Finance provides price charts that visually depict the historical movements of these cryptocurrencies. These charts offer valuable insights for both new and experienced crypto investors.
In conclusion, Bitcoin, Ethereum, and the broader cryptocurrency market are constantly evolving. Stay updated on the latest developments from Yahoo Finance and other sources to make informed decisions in the crypto space.
