Bitcoin and Ethereum opened higher but fell in early trading as geopolitical relief failed to sustain momentum amid broader market headwinds.
Bitcoin (BTC-USD) opened at $63,497.25 on August 3, 2026, up 1.2% from Sunday, before slipping to $62,643 by 8:54 a.m. ET. Ethereum (ETH-USD) followed a similar pattern, opening at $1,883.15, a 2.2% gain, then dropping to $1,840.70.
The rebound from weekend lows reversed as investors shrugged off President Trump’s announcement pausing U.S. airstrikes against Iran. Despite reduced geopolitical risks, security concerns and stalled crypto legislation continued to weigh on sentiment. Bitcoin remains 43.6% below its October 2025 peak of $126,198.07, while Ethereum’s one-month performance sits at +3.3%.
Market reaction was muted, with no clear catalyst driving the pullback beyond profit-taking after early gains.