Bitcoin and Ethereum experienced mixed trading on Friday morning as geopolitical tensions continue to weigh on crypto markets. Bitcoin opened at $66,888.48, down 1.7% from Thursday, while trading at $66,873.31 as of 7:00 AM ET. Ethereum opened lower at $2,056.78, down 3.8% from Thursday's opening price of $2,138.72, though it strengthened slightly to $2,060.05 during morning trading.
Both cryptocurrencies have lost significant ground following President Trump's prime-time address on Wednesday regarding the Iran War situation. The ongoing geopolitical conflict and economic uncertainty have suppressed demand for riskier assets, including cryptocurrencies and S&P 500 stocks. This continues a pattern of weakness for both digital assets since they hit record highs in 2025.
The downturn this week has fueled pessimism about the long-term outlook, particularly for Bitcoin. Despite the recent challenges, both cryptocurrencies continue to evolve rapidly, with institutional adoption showing some resilience. The all-time high for Bitcoin remains $126,198.07 from October 6, 2025, while Ethereum's peak was $4,953.73 on August 24, 2025.
