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Costs up; bitcoin at highest degree since January

by Vegas Valley News
May 7, 2026
in Business
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Costs up; bitcoin at highest degree since January
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Bitcoin (BTC-USD) opened at $80,900.77 on Wednesday, 1.3% increased than Tuesday’s opening worth. Bitcoin moved even increased in early buying and selling, surpassing the $82,000 mark.

Ethereum (ETH-USD) opened at $2,360.65 on Wednesday, 0.6% increased than Tuesday’s opening worth. Ethereum additionally rose this morning, simply not as considerably as bitcoin, valued at $2,412.01 as of seven:03 a.m. ET.

The opening values of bitcoin and ethereum are each up considerably at this time. The worth of bitcoin this morning was $82,305.01 as of seven:03 a.m. ET. That is the very best worth level for the cryptocurrency since January 31. Ethereum’s worth was $2,412.01 at 7:03 a.m. ET, the very best worth we’ve seen since April 27.

Buyers are embracing higher threat this week amid hopes of renewed peace talks in Iran, AI optimism, and expectations that pending crypto laws will carry readability and construction for U.S. merchants.

Over a five-day interval, bitcoin is up 5.4%, and ethereum has gained 5.61%.

Present worth of bitcoin and ethereum

Bitcoin

The worth of bitcoin this morning was 1.3% increased than the day earlier than. Right here’s a take a look at how the opening bitcoin worth has modified versus final week, month, and yr:

  • One week in the past: +6%

  • One month in the past: +17.3%

  • One yr in the past: -14.6%

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 worth of ethereum this morning was 0.6% increased than it was early Tuesday. Right here’s a take a look at how the opening ethereum worth has modified versus final week, month, and yr:

  • One week in the past: +3.1%

  • One month in the past: +11.9%

  • One yr in the past: +29.7%

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 once you promote cryptocurrency for greater than you paid for it. This additionally applies once you alternate one digital asset for an additional. Changing bitcoin into ethereum, for instance, isn’t “only a commerce” within the eyes of the IRS. It’s a taxable occasion if the worth adjustments.

Crypto taxes aren’t paid on the time of the transaction, however as a substitute, they’re reported in your tax return for the yr by which the transaction came about. So, should 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 relies on two foremost components:

  1. How lengthy you held the asset earlier than promoting

  2. Your total taxable revenue and submitting standing

Maintain it for lower than a yr, and you will normally face increased charges. Maintain it longer, and the charges are typically decrease.

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

Study extra: Sure, crypto is taxed. Right here’s when you need to pay.

Bitcoin and ethereum worth charts

Whether or not you’re 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 under present a visible historical past of how the currencies’ worth continues to maneuver and evolve.

Extra on crypto from the Yahoo Finance staff: 

Tags: BitcoinhighestJanuarylevelprices
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