Crypto rally slows as ceasefire wavers

Bitcoin (BTC-USD) opened at $71,093.76 on Thursday, down 1.2% from Wednesday’s opening price of $71,950.15. The value of bitcoin was $71,199.52 as of 7:23 a.m. ET. Ethereum (ETH-USD) opened at $2,189.73 on Thursday, 2.3% lower than Wednesday’s starting price of $2,242.28. The value of ethereum at 7:23 a.m. ET was $2,184.15. Reports of continued fighting…


Crypto rally slows as ceasefire wavers

Bitcoin (BTC-USD) opened at $71,093.76 on Thursday, down 1.2% from Wednesday’s opening price of $71,950.15. The value of bitcoin was $71,199.52 as of 7:23 a.m. ET.

Ethereum (ETH-USD) opened at $2,189.73 on Thursday, 2.3% lower than Wednesday’s starting price of $2,242.28. The value of ethereum at 7:23 a.m. ET was $2,184.15.

Reports of continued fighting in the Middle East and disagreement over Iran’s control of the Strait of Hormuz shortened a brief, ceasefire-sparked crypto rally. Traders are continuing to watch war headlines closely to determine their risk appetite. While bitcoin and ethereum prices have been more resilient during this war than gold or S&P 500 stocks, escalations have dampened crypto demand. The concern is that an extended conflict could introduce economic consequences that would favor safer assets.

The price of bitcoin this morning was 1.2% lower than yesterday’s open. Here’s a look at how the opening bitcoin price has changed versus last week, month, and year.

  • One week ago: +4.4%

  • One month ago: +7.8%

  • One year ago: -6.8%

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 had fallen 2.3% from the starting price yesterday. Here’s a look at how the opening ethereum price has changed versus last week, month, and year:

  • One week ago: +2.4%

  • One month ago: +13.1%

  • One year ago: +48.7%

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.

A bitcoin or crypto credit card generally works just like any other credit card. When you apply and get approved, you’ll be assigned a credit limit, and you can use your card to make purchases. If you don’t pay your total balance by your card’s monthly due date, you’ll start to accrue interest at your assigned APR.

The difference is the types of rewards you’ll earn. Instead of earning airline miles, rewards points, or cash back on your spending, you’ll earn crypto. The percentage back you earn on each purchase — such as 3% back on gas or 2% back at restaurants — is converted from U.S. dollars to bitcoin or another cryptocurrency at the current market value. You can then access your rewards through your connected crypto account.

For example, say you make a $500 purchase that earns 3% bitcoin rewards. You’ll earn $15 in U.S. dollars on that purchase. With a bitcoin credit card, your $15 may be converted at the current bitcoin value (about 0.00014 bitcoin in October 2025) and deposited in your crypto account.

The biggest benefit of crypto rewards is the potential for growth over time. Let’s say you had a total bitcoin rewards balance worth $100 USD at the end of 2024. By early October 2025, the value of those same rewards would have increased to about $114 — even if you didn’t earn any additional rewards over that time.

Learn more: Do you need a bitcoin credit card? What you can gain (and lose) by earning bitcoin rewards on spending

Whether you’re brand new to tracking the value of ethereum or a more seasoned crypto investor, Yahoo Finance’s price-of-ethereum chart below shows a visual history of how the currency’s value continues to move and evolve.

More on crypto from the Yahoo Finance team: 

Tim Manni edited this article.

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