Bitcoin and ethereum both opened lower Tuesday morning as geopolitical pressure from U.S. tensions with Iran weighed on crypto markets, according to Yahoo Finance.
Bitcoin opened at $62,259.16 on Tuesday, July 14, down 2.3% from Monday's opening price. By 8:21 a.m. ET, the price had firmed somewhat to $62,865.44. Ethereum opened at $1,774.10, down 1.8% from Monday's open, and had adjusted to $1,785.68 by the same time.
The declines follow what Yahoo Finance described as the strongest opening prices in weeks on Monday. Both cryptocurrencies were pulling back as the United States ramped up pressure on Iran to return to the negotiating table. Oil prices were also escalating, adding uncertainty to the market picture ahead of the June CPI report released later Tuesday morning.
Bitcoin's performance over longer time frames tells a steeper story. Compared to one year ago, bitcoin's opening price is down 47.7%. It is also down 3.4% from one month ago and 2.7% from one week ago. The all-time high for bitcoin was $128,198.07, reached on October 6, 2025.
Ethereum has had a more mixed recent run. Its opening price is down 40.3% compared to one year ago, but up 5.6% from one month ago. It is down 1.3% from one week ago. The all-time high for ethereum was $4,953.73, recorded on August 24, 2025.
Both cryptocurrencies were firming somewhat ahead of the CPI release, but Yahoo Finance noted it was unclear whether that rising trend would hold as oil prices continued to move higher.
