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Home»Finance»Prices falling after last week’s rebound
Finance

Prices falling after last week’s rebound

July 7, 2026No Comments4 Mins Read
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Prices continue to move lower
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Bitcoin (BTC-USD) opened at $63,589.95 on Monday, July 6, 2026, 0.8% higher than Sunday’s opening price. As of 8:50 a.m. ET this morning, the price of bitcoin moved down to $61,677.54.

Ethereum (ETH-USD) opened at $1,784.15 on Monday, July 6, 2026, up 0.3% from Sunday’s opening price. The price of ethereum moved lower this morning to $1,737.53 as of 8:50 a.m. ET.

The prices of bitcoin and ethereum continued to rise this morning at open following a June jobs report that missed expectations last week. Analysts had expected a gain of over 100,000 jobs last month and an unemployment rate of 4.3% for the fourth month in a row. Instead, the economy added 57,000 new jobs, and the unemployment rate dipped to 4.2%.

Those stronger-than-expected job numbers help reduce the odds that the Fed will raise rates following their upcoming meeting this month. A lower prospect of rate increases helps lower the opportunity cost of holding investments like bitcoin and ethereum.

Current price of bitcoin and ethereum

Bitcoin

The price of bitcoin this morning was 0.8% higher than Sunday’s opening price. Here’s a look at how the opening bitcoin price has changed versus last week, month, and year:

  • One week ago: +6.8%

  • One month ago: +4.4%

  • One year ago: -41.2%

The all-time high for bitcoin was $126,198.07 on Oct. 6, 2025. The all-time low value for bitcoin was $0.04865 on July 14, 2010. 

Ethereum

The price of ethereum this morning was 0.3% higher than Sunday’s open. Here’s a look at how the opening ethereum price has changed versus last week, month, and year:

  • One week ago: +13.6%

  • One month ago: +12.9%

  • One year ago: -29.1%

The all-time high for ethereum was $4,953.73 on Aug. 24, 2025. The all-time low value for ethereum was $0.4209 on Oct. 21, 2015. 

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

See also  Dow Jones Futures Rise As Microsoft Jumps; S&P 500 Reels As First Republic Crashes

How Bitcoin works

Bitcoin is a type of cryptocurrency, which is a currency that exists only in digital form and operates without government or banking oversight. By comparison, the U.S. dollar, the EU euro, the Canadian dollar, and other national currencies have paper versions and are issued by their respective governments.

Bitcoin relies on a public digital ledger that validates and records transactions and verifies bitcoin ownership. This ledger is called the blockchain, and it is globally distributed — that is, decentralized — across a broad, worldwide network of servers.

Decentralization is a fundamental aspect of cryptocurrencies. Decentralization facilitates peer-to-peer payments with no banking intermediary, enhanced security, and defense against manipulation attempts.

Learn more: What is Bitcoin, and how does it work?

How to buy Bitcoin in 2026

There are several ways to buy Bitcoin. You can go through a crypto exchange, a fintech app, or a traditional brokerage that will allow you to buy into a bitcoin ETF.

Before placing a trade, though, decide what you actually want: full ownership of your bitcoin and private keys — or easy price exposure inside a familiar, regulated system.

Whichever avenue you take, it’s important to remember that bitcoin remains a high-risk, highly volatile asset compared to many other investments. Prices can surge or drop quickly, sometimes without warning. If you’re considering buying bitcoin, assume volatility is part of the deal.

See also  Biden Admin Reportedly Set To Greenlight Rule Change That Could Spike Gas Prices — But Not Until After The Election

Learn more: Is bitcoin’s price volatility an investing opportunity? Here’s how to buy bitcoin.

Bitcoin and ethereum price charts

Whether you’re brand new to tracking the value of bitcoin and ethereum or a more seasoned crypto investor, Yahoo Finance’s price-of-bitcoin chart and price-of-ethereum chart below show a visual history of how the currencies’ value continues to move and evolve.

More on crypto from the Yahoo Finance team: 

Falling Prices Rebound Weeks
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