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Home»Finance»Prices open lower, despite news of U.S.-Iran truce
Finance

Prices open lower, despite news of U.S.-Iran truce

May 29, 2026No Comments3 Mins Read
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Prices moving higher this morning
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Bitcoin (BTC-USD) opened at $73,525.74 on Friday, down 1.1% from Thursday’s opening price. The value of bitcoin fell further to $73,381.81 by 7:42 a.m ET.

Ethereum (ETH-USD) opened at $2,006.97 on Friday, down 0.7% from Thursday’s opening price. The value of ethereum ticked lower to $2,003.66 as of 7:42 a.m. ET.

The prices for both bitcoin and ethereum opened at their lowest levels all week, but the stage is set for the cryptocurrencies to rise in value today and this weekend after reports that a 60-day truce extension with Iran is on the president’s desk awaiting his signature.

Investors appeared to have less of a risk appetite this week as tensions between the U.S. and Iran grew following the news that the U.S. military launched defense strikes against Iranian drones and a drone-launching site.

Any sign of progress towards a meaningful agreement to reopen the Strait of Hormuz is likely to compel more investors back into crypto.

Current price of bitcoin and ethereum

Bitcoin

The price of bitcoin this morning was down 1.1% from Thursday’s opening figure. Here’s a look at how the opening bitcoin price has changed versus last week, month, and year:

  • One week ago: -5.2%

  • One month ago: -3.7%

  • One year ago: -31.8%

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 down 0.7% compared to Thursday’s open. Here’s how the opening ethereum price has changed versus last week, month, and year:

  • One week ago: -5.8%

  • One month ago: -12.3%

  • One year ago: -25.2%

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  Auburn's Bruce Pearl Blasts ABC News' Decision to Cut RFK Jr. Vax Comments Out of Interview

Can you buy your next house with crypto?

So, you put a little mad money into bitcoin a few years ago. Now, your crypto-fueled profit means you have a sweet nest egg to put toward a house.

But can you buy a house with crypto rather than using cash or a traditional mortgage loan? What are the roadblocks? And what about taxes?

President Trump wants the United States to be “the crypto capital of the world.” In that spirit, in late June, Director of the Federal Housing Finance Agency (FHFA) William J. Pulte ordered Fannie Mae and Freddie Mac to “prepare their businesses to count cryptocurrency as an asset for a mortgage.”

The FHFA supervises Fannie Mae and Freddie Mac, the government-sponsored companies that fund a major portion of the mortgage industry.

Pulte said the housing system “needs a massive upgrade,” adding, “I want people who own cryptocurrency to be able to buy homes like everyone else. I believe cryptocurrency is an asset. I believe Americans should be able to use their crypto if they want to. It’s time the housing system caught up.”

This signals what could be a fundamental change to how cryptocurrency may be used to qualify for a mortgage.

Learn more: Want to buy a house with crypto? Here’s what to expect. 

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.

See also  Jeremy Grantham warns US house prices will drop, the S&P 500 could plunge 52%, and more banking problems may lie ahead

More information on crypto from the Yahoo Finance team: 

News Open Prices Truce U.S.Iran
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