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    Home»Markets»Prices continue sliding on geopolitical tensions
    Markets

    Prices continue sliding on geopolitical tensions

    Money MechanicsBy Money MechanicsJuly 9, 2026No Comments4 Mins Read
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    Prices continue sliding on geopolitical tensions
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    Bitcoin (BTC-USD) opened at $62,233.37 on Thursday, July 9, 2026, down 1.7% from Wednesday’s opening price. The value of bitcoin rose to $62,870.76 by 8:39 a.m. ET.

    Ethereum (ETH-USD) opened at $1,742.06, down 1.5% from yesterday’s opening price. The price of ethereum moved to $1,744.40 by 8:39 a.m. ET.

    The opening prices of bitcoin and ethereum this morning continue to trend lower as the week goes on, but prices this week are in a stronger position than they were last week. That’s a slice of good news for crypto investors, especially as geopolitical tensions have re-erupted in the Middle East.

    For the second straight day, the U.S. and Iran have exchanged airstrikes, all but dissolving the ceasefire and grinding shipping traffic in the Strait of Hormuz to a halt, elevating inflation concerns yet again.

    These latest tensions add to the headwinds for crypto prices as bitcoin tries to recover from its worst monthly performance in years.

    Current price of bitcoin

    Bitcoin 

    The price of bitcoin this morning was 1.7% 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: +3.7%

    • One month ago: -1.4%

    • One year ago: -42.9%

    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. 

    Ethereum

    The price of ethereum this morning was 1.5% lower compared to Wednesday’s open. Here’s a look at how the opening ethereum price has changed versus last week, month, and year:

    • One week ago: +8.3%

    • One month ago: +3.1%

    • One year ago: -33.4%

    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.

    What is a crypto credit card?

    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

    Bitcoin and ethereum price charts

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

    More on crypto from the Yahoo Finance team: 



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