Bitcoin and ethereum price today, Wednesday, April 8, 2026: Prices rise after U.S.-Iran ceasefire announcement

Bitcoin (BTC-USD) opened astatine $71,926.16 connected Wednesday, 4.5% higher than Tuesday’s opening terms of $68,859.38. Bitcoin had retreated to astir $71,560 by 7:40 a.m. ET.

Ethereum (ETH-USD) opened astatine $2,239.89 connected Wednesday, 6.3% higher than Tuesday’s opening terms of $2,107.78. By 7:40 a.m. ET, ethereum was hovering astir $2,239.

Crypto prices jumped aft President Trump announced a two-week ceasefire woody with Iran implicit societal media. Bitcoin surpassed $70,000 for the archetypal clip since March 26, and ethereum moved supra $2,200 to scope its highest worth since March 18. The warfare had dampened investors’ appetite for risk, affecting crypto and banal prices. While the impermanent ceasefire doesn’t warrant an extremity to the conflict, it signals a intermission successful escalation — which is simply a tailwind for bitcoin, ethereum, and different high-risk assets.

The terms of bitcoin this greeting was 4.5% higher than the time before. Here’s a look astatine however the opening bitcoin terms has changed versus past week, month, and year:

• One week ago: +5.4%

• One period ago: +6.9%

• One twelvemonth ago: -9.2%

The all-time precocious for bitcoin was $126,198.07 connected Oct. 6, 2025. The all-time debased worth for bitcoin was $0.04865 connected July 14, 2010.

The terms of ethereum this greeting was 6.3% higher than it was aboriginal Tuesday. Here’s a look astatine however the opening ethereum terms has changed versus past week, month, and year:

• One week ago: +6.4%

• One period ago: +13.7%

• One twelvemonth ago: +44.1%

The all-time precocious for ethereum was $4,953.73 connected Aug. 24, 2025. The all-time debased worth for ethereum was $0.4209 connected Oct. 21, 2015.

Bitcoin, ethereum, and different cryptocurrencies are rapidly evolving. Follow the latest developments from Yahoo Finance and others here.

Crypto and taxes

You mostly beryllium taxes erstwhile you merchantability cryptocurrency for much than you paid for it. This besides applies erstwhile you speech 1 integer plus for another. Converting bitcoin into ethereum, for example, isn’t “just a trade” successful the eyes of the IRS. It’s a taxable lawsuit if the worth changes.

Crypto taxes aren’t paid astatine the clip of the transaction, but instead, they’re reported connected your taxation instrumentality for the twelvemonth successful which the transaction took place. So, if you sold crypto for a nett astatine immoderate constituent during 2025, that enactment is reported erstwhile you record your 2025 instrumentality successful aboriginal 2026.

How overmuch taxation you wage depends connected 2 main factors:

1. How agelong you held the plus earlier selling

2. Your wide taxable income and filing status

Hold it for little than a year, and you'll usually look higher rates. Hold it longer, and the rates thin to beryllium lower.

This holding-period favoritism matters much than astir radical realize. A fewer days tin marque a quality of arsenic overmuch arsenic 17% oregon much — truthful timing matters.

Learn more: Yes, crypto is taxed. Here’s erstwhile you person to pay.

Whether you’re marque caller to tracking the worth of bitcoin oregon a much seasoned crypto investor, Yahoo Finance’s price-of-bitcoin illustration beneath shows a ocular past of however the currency's worth continues to determination and evolve.

More connected crypto from the Yahoo Finance team: 

• How to commercialized crypto: A step-by-step guide

• Do you request a bitcoin recognition card?

• Can you bargain crypto with a recognition card?

• President Trump called for a strategical bitcoin reserve. How it would work.

• How to bargain a location with crypto

• How to bargain ethereum — and what to cognize earlier you do

• How to bargain solana: A step-by-step guide

Tim Manni edited this article.