Crypto costs open close to 8-month highs. Is the crypto winter over?
Bitcoin (BTC-USD) opened at $86,195.28 on Wednesday, September 23, 2026, flat in comparison with Tuesday’s opening value. As of seven:26 a.m. ET this morning, the worth of bitcoin moved decrease to $85,600.03.
Ethereum (ETH-USD) opened at $2,753.25 on Wednesday, September 23, 2026, down 0.8% from Tuesday’s opening value. The value of ethereum moved down this morning to $2,725.32 as of seven:26 a.m. ET.
Both bitcoin and ethereum costs opened once more close to 8-month highs this morning, as President Trump prepares to host Chinese President Xi Jinping in Washington this week.
Despite the pullback in crypto costs this morning, bitcoin’s current surge over $86,000 has a minimum of one investor declaring the crypto winter is over:
“The BTC breakout is credible,” Fundstrat head of digital property Sean Farrell informed Yahoo Finance on Monday. “I believe the crypto winter is over, though that doesn’t essentially imply the trail greater will likely be linear.”
For now, momentum is on crypto’s aspect, with bitcoin leaping greater than 5% on Friday and one other 6% on Monday.
“We imagine crypto is within the early innings of a brand new bull market and we see few indicators of overheating,” Compass Point analyst Ed Engel wrote on Tuesday.
The transfer appears “like a mixture of renewed ETF demand and a big brief squeeze,” Nicolai Søndergaard, senior analysis analyst at Nansen, mentioned as merchants betting in opposition to bitcoin are compelled to purchase it again, including additional gasoline to the rally.
Keep studying: ‘Crypto winter is over,’ analyst says
Current value of bitcoin and ethereum
Bitcoin
The value of bitcoin this morning, Wednesday, September 23, 2026, was flat in comparison with Tuesday’s opening value. Here’s a have a look at how the opening bitcoin value has modified versus final week, month, and 12 months:
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One week in the past: +14%
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One month in the past: +11.8%
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One 12 months in the past: -23.6%
The all-time excessive for bitcoin was $126,198.07 on Oct. 6, 2025. The all-time low worth for bitcoin was $0.04865 on July 14, 2010.
Ethereum
The value of ethereum this morning, Wednesday, September 23, 2026, was 0.8% decrease than Tuesday’s open. Here’s a have a look at how the opening ethereum value has modified versus final week, month, and 12 months:
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One week in the past: +14.8%
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One month in the past: +13.6%
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One 12 months in the past: -34.5%
The all-time excessive for ethereum was $4,953.73 on Aug. 24, 2025. The all-time low worth for ethereum was $0.4209 on Oct. 21, 2015.
Bitcoin, ethereum, and different cryptocurrencies are quickly evolving. Follow the latest developments from Yahoo Finance and others here.
Crypto and taxes
You typically owe taxes once you promote cryptocurrency for greater than you paid for it. This additionally applies once you alternate one digital asset for one more. Converting bitcoin into ethereum, for instance, is not “only a commerce” within the eyes of the IRS. It’s a taxable occasion if the worth modifications.
Crypto taxes aren’t paid on the time of the transaction, however as a substitute, they’re reported in your tax return for the 12 months through which the transaction came about. So, in case you offered crypto for a revenue at any level throughout 2025, that exercise is reported once you file your 2025 return in early 2026.
How a lot tax you pay is determined by two predominant elements:
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How lengthy you held the asset earlier than promoting
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Your total taxable revenue and submitting standing
Hold it for lower than a 12 months, and you will often face greater charges. Hold it longer, and the charges are typically decrease.
This holding-period distinction issues greater than most individuals understand. Just a few days could make a distinction of as a lot as 17% or extra — so timing issues.
Learn extra: Yes, crypto is taxed. Here’s when you have to pay.
Bitcoin and ethereum value charts
Whether you are model new to monitoring the worth of bitcoin and ethereum or a extra seasoned crypto investor, Yahoo Finance’s price-of-bitcoin and price-of-ethereum charts beneath present a visible historical past of how the currencies’ worth continues to maneuver and evolve.
More on crypto from the Yahoo Finance workforce:
