Bitcoin’s worst month since June ’22

Bitcoin (BTC-USD) opened at $58,549.86 on Wednesday, July 1, 2026, down 2.6% from Tuesday’s open. The value of bitcoin was $58,439.99 as of 8:27 a.m. ET this morning.

Ethereum (ETH-USD) opened at $1,569.74 on Wednesday, July 1, 2026, down 2.5% in comparison with Tuesday’s opening value. Ethereum costs this morning shifted to $1,568.26 as of 8:27 a.m. ET.

It has been powerful sledding for bitcoin and ethereum costs in June, and a few imagine the worth development will solely worsen:

David Grider of Finality Capital Companions believes bitcoin hasn’t seen a backside but.

“I do not assume we backside till September or October for bitcoin and most digital belongings round it as effectively,” Grider instructed Yahoo Finance on Tuesday.

“I do not assume $40,000 or $45,000 can be unreasonable,” he added.

Learn extra: Bitcoin posts worst month since June 2022 as one strategist says token may drop to $40,000

However what’s notably fascinating is that each time Bitcoin has a “pink” June, it is adopted by a “inexperienced” July. Would possibly that occur once more?

Present value of bitcoin and ethereum

Bitcoin

The value of bitcoin this morning was 2.6% decrease than the day earlier than. Here is a take a look at how the opening bitcoin value has modified versus final week, month, and yr:

• One week in the past: -6.6%

• One month in the past: -20.4%

• One yr in the past: -45.4%

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 down 2.5% in comparison with Tuesday morning. Here is a take a look at how the opening ethereum value has modified versus final week, month, and yr:

• One week in the past: -5.7%

• One month in the past: -21.7%

• One yr in the past: -36.9%

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 newest developments from Yahoo Finance and others right here.

Crypto and taxes

You typically owe taxes while you promote cryptocurrency for greater than you paid for it. This additionally applies while you trade one digital asset for an additional. 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 yr during which the transaction befell. So, for those who offered crypto for a revenue at any level throughout 2025, that exercise is reported while you file your 2025 return in early 2026.

How a lot tax you pay is determined by two important components:

1. How lengthy you held the asset earlier than promoting

2. Your total taxable earnings and submitting standing

Maintain it for lower than a yr, and you may normally face increased charges. Maintain it longer, and the charges are usually 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.

Be taught extra: Sure, crypto is taxed. Here is when you need to pay.

Bitcoin and ethereum value 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 group: