Bitcoin and ethereum prices today, Wednesday, August 5, 2026: Crypto prices rise as investors watch Hormuz negotiations and jobs report closely

Bitcoin (BTC-USD) opened at $64,052.56 on Wednesday, August 5, 2026, 0.9% higher than Tuesday's opening price. As of 8:29 a.m. ET this morning, the terms of bitcoin moved up to $64,486.72.

Ethereum (ETH-USD) opened astatine $1,868.36 on Wednesday, August 5, 2026, up 0.5% from Tuesday's opening price. The terms of ethereum moved higher this greeting to $1,880.89 arsenic of 8:29 a.m. ET.

Bitcoin and ethereum prices are moving successful the close absorption this morning, arsenic some cryptocurrencies opened higher than connected Tuesday and are rising this greeting successful aboriginal trading. While this surely isn't the archetypal clip the terms of bitcoin has moved implicit the $64,000 people successful caller days and weeks, the question becomes: however agelong tin it clasp there?

President Trump's comments that a woody to reopen the Strait of Hormuz could hap arsenic soon arsenic Wednesday person boded good for crypto investors today. And with the July jobs study acceptable to travel retired connected Friday, the accidental for a reduced consciousness of hazard crossed the markets feels real, and could pb to an adjacent greater influx of capitalist involvement successful some bitcoin and ethereum.

Current terms of bitcoin and ethereum

Bitcoin

The terms of bitcoin this morning, Wednesday, August 5, 2026, was 0.9% higher than Tuesday's opening price. Here's a look astatine however the opening bitcoin terms has changed versus past week, month, and year:

• One week ago: +0.3%

• One period ago: +1.5%

• One twelvemonth ago: -44.3%

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. 

Ethereum

The terms of ethereum this morning, Wednesday, August 5, 2026, was 0.5% higher than Tuesday's open. Here's a look astatine however the opening ethereum terms has changed versus past week, month, and year:

• One week ago: -2.7%

• One period ago: +5%

• One twelvemonth ago: -49.8%

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 presumption

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.

Bitcoin and ethereum terms charts

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

More connected crypto from the Yahoo Finance team: 

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

• 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 bash

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