Bitcoin and ethereum prices today, Monday, June 8, 2026: Moving up after bitcoin prices fell below $60,000

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Bitcoin ( BTC-USD ) opened at $63,310.30 on Monday, 4% higher than Sunday's opening price. As of 8:50 a.m. ET this morning, the price of bitcoin moved up to $63,515.91.

Ethereum ( ETH-USD ) opened at $1,689.78 on Monday, up 7.7% from Sunday's opening price. The price of ethereum hasn’t moved much this morning and was $1,689.60 as of 8:50 a.m. ET.

Opening prices for bitcoin and ethereum steadily moved lower last week, even lower this weekend, but seem to be rebounding toward Friday’s opening-price range. Bitcoin prices moved below $60,000 this weekend, the first time they’ve dipped that low since 2024.

There are multiple factors driving declines in bitcoin and ethereum prices. For starters, multiple and separate conflicts in the Middle East have driven up energy prices for countries around the world, making it more likely that the Fed will raise rates at some point this year. Money is flowing out of other investments, like crypto, and pouring into AI. Finally, recent selloffs by the largest bitcoin holder triggered other investors to follow suit.

Keep reading: Follow the latest crypto news here at Yahoo Finance

The price of bitcoin this morning was 4% higher than Sunday's opening price. Here's a look at how the opening bitcoin price has changed versus last week, month, and year:

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.