Bitcoin and Ethereum dip slightly at open but remain up 6.4% and 9.3% week-over-week as investors await Fed policy outcome.
Bitcoin (BTC-USD) opened at $65,605.45 on Wednesday, down 1% from Tuesday’s open but 6.4% higher than the same time last week. As of 7:29 a.m. ET, the price stood at $64,644. Ethereum (ETH-USD) opened at $1,790.68, a 0.2% decline from Tuesday, yet up 9.3% week-over-week, trading at $1,764.79 this morning.
The gains follow a volatile period, with Bitcoin down 16% month-over-month and 38.6% year-over-year. Ethereum’s performance mirrors the trend, though both assets remain well below their all-time highs—Bitcoin’s peak was $126,198.07 in October 2025. The Fed’s two-day policy meeting concludes today, with markets weighing potential rate moves amid geopolitical optimism tied to a U.S.-Iran peace deal expected Friday.
Investors remain cautious despite the weekly rally, as progress on reopening the Strait of Hormuz could further lift crypto markets. Precious metals and digital assets have outperformed broader markets in recent sessions, reflecting a shift in risk sentiment.