Bitcoin and Ethereum prices dip from opening highs as geopolitical uncertainty weighs on cryptocurrency markets.
Bitcoin (BTC-USD) opened at $64,724.03 on July 31, 2026, up 1.3% from Thursday, but fell to $63,652.09 by 8:52 a.m. ET. Ethereum (ETH-USD) followed a similar pattern, opening at $1,917.16 before dropping to $1,877.52.
The pullback follows a week of modest gains, including a boost after the Fed left rates unchanged on Wednesday. However, a pause in U.S. airstrikes in Iran overnight failed to sustain momentum, with both cryptocurrencies struggling for direction amid elevated energy costs and geopolitical tensions.
Bitcoin remains down 45.1% from a year ago but up 7.6% over the past month. Ethereum’s price action reflects broader market uncertainty, with traders eyeing potential Fed rate hikes later this year.