Bitcoin (BTC-USD) opened at $63,951.51, up 1.1% from yesterday's opening price. Yet, the price of bitcoin fell to $62,256.40 by 9:36 a.m. ET.
Ethereum (ETH-USD) opened at $1,726.52, up 1.3% from yesterday's open. However, the price of ethereum slid to $1,654.21 by 9:36 a.m. ET.
The prices of bitcoin and ethereum are slipping this morning and have been rather capped since the conclusion of the Fed meeting last week. The sentiment following last week's two-day meeting is that the possibility of rate cuts this year has given way to expectations of at least one rate hike in the months ahead.
Higher interest rates can put downward pressure on crypto prices because investors move into higher-yielding assets, and costlier borrowing costs mean there is simply less investable cash available.
The price of bitcoin was up 1.1% this morning from 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 is up 1.3% compared to 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