Bitcoin and ethereum prices today, Wednesday, October 7, 2026: Crypto prices fade along with risk appetite
Bitcoin opened at $85,546.23 on Wednesday, October 7, 2026, down 0.3% compared with Tuesday's opening price. As of 7:17 a.m. ET this morning, the price of bitcoin moved lower to $83,771.28 Ethereum opened at $2,697.32, down 0.5% from Tuesday's opening price. The price of ethereum moved down this morning to $2,580.58 as of 7:17 a.m. ET.
Our Summary:Crypto prices, including Bitcoin and Ethereum, fell on Wednesday, October 7, 2026, as risk appetite waned due to ongoing concerns in the Middle East and a concentrated tech boom. The prices of both cryptocurrencies opened at their lowest levels this week and are fading as investors become more cautious. US stocks futures remained little changed, while Europe's Stoxx 600 snapped three straight days of gains, and the 10-year Treasury yield climbed above 5.3%. The cooling in appetite for risk reflects a broader market trend, with oil prices above $100 a barrel and the S&P 500 closing at an all-time high in the prior session.