Bitcoin (BTC-USD) opened at $77,368.28 on Tuesday, down 1.6% from Monday’s opening price of $78,661.01. The value of bitcoin at 7:10 a.m. ET fell even further to $76,472.05.
Ethereum (ETH-USD) opened at $2,303.33 on Tuesday, 2.8% lower than Monday’s opening price of $2,369.84. The value of ethereum continued falling as of 7:10 a.m. ET, moving down to $2,278.56.
Despite three straight days of opening above $78,000, bitcoin opened lower this morning and has continued to move downward ahead of the third Fed meeting of the year.
Today marked the lowest opening price for ethereum in over a week.
Crypto investors remain cautious, balancing risks, as negotiations between the U.S. and Iran have stalled and the Strait of Hormuz remains closed. Brent Crude (BZ=F) soared back to over $104 a barrel this morning, keeping inflation concerns front and center for the Federal Reserve and other central banks around the world.
The price of bitcoin this morning was 1.6% lower than Monday’s open. Here’s a look at how the opening bitcoin price has changed versus last week, month, and year:
The price of ethereum this morning was 2.8% lower than Monday’s open. Here’s a look at how the opening ethereum price has changed versus last week, month, and year:
Bitcoin, ethereum, and other cryptocurrencies are rapidly evolving. Follow the latest developments from Yahoo Finance and others here.
What is Ethereum and how does it work?
Ethereum is the blockchain, while ether is the cryptocurrency that runs on it. When people say they’re “buying ethereum,” they’re usually buying ETH — the digital asset used to run applications and store value.
Some investors trade short-term, others accumulate their holdings slowly, and still others focus on earning a yield by locking up their ETH to help run the network — a process known as staking.
Ether, the native cryptocurrency used on the Ethereum platform, remains significantly more volatile than the S&P 500 for many investors. But it’s no longer a moonshot — it’s a foundational piece of a modern digital portfolio.
Here’s how to start investing in ethereum.
Learn more: How to buy Ethereum and what to know before you do
Whether you’re brand new to tracking the value of bitcoin and 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:
• Do you need a bitcoin credit card?
• Can you buy crypto with a credit card?
• President Trump called for a strategic bitcoin reserve. How it would work.
• How to buy a house with crypto
• Yes, crypto is taxed. Here’s when you have to pay.
• How to buy ethereum — and what to know before you do