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‘Bitcoin is having a worth gusher to shut out August’

by Vegas Valley News
August 27, 2026
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‘Bitcoin is having a worth gusher to shut out August’
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Bitcoin (BTC-USD) opened at $78,528.41 on Wednesday, August 26, 2026, 0.5% decrease than Tuesday’s opening worth. As of 8:25 a.m. ET this morning, the value of bitcoin moved as much as $78,585.58.

Ethereum (ETH-USD) opened at $2,442.30 on Wednesday, August 26, 2026, down 1.6% from Tuesday’s opening worth. The value of ethereum moved increased this morning to $2,469.90 as of 8:25 a.m. ET.

The value of bitcoin cleared $80,000 yesterday for the primary time in over three months. Costs hit a excessive of $81,235.03 on Tuesday.

The rally follows a shock transfer by the U.S. Treasury Division to double its long-term bond-buying program. And this newest worth run has bitcoin bulls out in full pressure.

Yahoo Finance Government Editor Brian Sozzi revealed one other nice crypto article this morning that outlines how bitcoin’s August “worth gusher” may solely be the beginning of some long-term good points within the years forward:

“In our base case, we count on bitcoin to achieve new all-time excessive of $150K by mid-2027 and $300K by 2029 finish. Nonetheless, given the macro regime shift, if institutional capital actively chases bitcoin, we might see an accelerated timeline, with bitcoin probably peaking at $500K in 2029 and speedy restoration to new all-time highs of ~$200K by mid-2027. We preserve our bitcoin worth forecast of ~$1 M million by 2033 finish throughout the bottom and bull case,” Chhugani mentioned in a notice on Wednesday.

Preserve studying: Here is when bitcoin could hit $500,000

Present worth of bitcoin and ethereum

Bitcoin

The value of bitcoin this morning was 0.5% decrease than Tuesday’s opening worth. Here is a have a look at how the opening bitcoin worth has modified versus final week, month, and 12 months:

  • One week in the past: +21.4%

  • One month in the past: +22.1%

  • One 12 months in the past: -28.7%

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 was 1.6% decrease than Tuesday’s open. Here is a have a look at how the opening ethereum worth has modified versus final week, month, and 12 months:

  • One week in the past: +27.4%

  • One month in the past: +30.4%

  • One 12 months in the past: -44.1%

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. Comply with the most recent developments from Yahoo Finance and others right here.

Crypto and taxes

You typically owe taxes if you promote cryptocurrency for greater than you paid for it. This additionally applies if you trade one digital asset for one more. Changing bitcoin into ethereum, for instance, is not “only a commerce” within the eyes of the IRS. It is 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 wherein the transaction befell. So, in case you offered crypto for a revenue at any level throughout 2025, that exercise is reported if you file your 2025 return in early 2026.

How a lot tax you pay depends upon two important elements:

  1. How lengthy you held the asset earlier than promoting

  2. Your general taxable earnings and submitting standing

Maintain it for lower than a 12 months, and you may often face increased charges. Maintain it longer, and the charges are typically decrease.

This holding-period distinction issues greater than most individuals notice. Just a few days could make a distinction of as a lot as 17% or extra — so timing issues.

Study extra: Sure, crypto is taxed. Here is when you must pay.

Bitcoin and ethereum worth charts

Whether or not 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.

Extra on crypto from the Yahoo Finance crew: 

Tags: AugustBitcoinClosegusherPrice
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