Bitcoin (BTC-USD) opened at $71,926.16 on Wednesday, 4.5% higher than Tuesday’s opening price of $68,859.38. Bitcoin had retreated to around $71,560 by 7:40 a.m. ET.
Ethereum (ETH-USD) opened at $2,239.89 on Wednesday, 6.3% higher than Tuesday’s opening price of $2,107.78. By 7:40 a.m. ET, ethereum was hovering around $2,239.
Crypto prices jumped after President Trump announced a two-week ceasefire deal with Iran over social media. Bitcoin surpassed $70,000 for the first time since March 26, and ethereum moved above $2,200 to reach its highest value since March 18. The war had dampened investors’ appetite for risk, affecting crypto and stock prices. While the temporary ceasefire doesn’t guarantee an end to the conflict, it signals a pause in escalation — which is a tailwind for bitcoin, ethereum, and other high-risk assets.
The price of bitcoin this morning was 4.5% higher 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: +5.4%
One month ago: +6.9%
One year ago: -9.2%
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 6.3% higher than it was early Tuesday. Here’s a look at how the opening ethereum price has changed versus last week, month, and year:
One week ago: +6.4%
One month ago: +13.7%
One year ago: +44.1%
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.
You generally owe taxes when you sell cryptocurrency for more than you paid for it. This also applies when you exchange one digital asset for another. Converting bitcoin into ethereum, for example, isn’t “just a trade” in the eyes of the IRS. It’s a taxable event if the value changes.
Crypto taxes aren’t paid at the time of the transaction, but instead, they’re reported on your tax return for the year in which the transaction took place. So, if you sold crypto for a profit at any point during 2025, that activity is reported when you file your 2025 return in early 2026.
How much tax you pay depends on two main factors:
How long you held the asset before selling
Your overall taxable income and filing status
Hold it for less than a year, and you’ll usually face higher rates. Hold it longer, and the rates tend to be lower.
This holding-period distinction matters more than most people realize. A few days can make a difference of as much as 17% or more — so timing matters.
Learn more: Yes, crypto is taxed. Here’s when you have to pay.
Whether you’re brand new to tracking the value of bitcoin or a more seasoned crypto investor, Yahoo Finance’s price-of-bitcoin 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.
