Crypto Market Update

Prices Plummet As Oil Prices Soar

Bitcoin and Ethereum prices fell on Thursday, October 8, 2026, as oil prices surged due to persistent inflation concerns and conflicts in the Middle East.

Market Impact

The US-Iran conflict has led to increased attacks on oil shipments through the Strait of Hormuz, weighing on crypto prices.

Technical Analysis

As of 7:11 a.m. ET, Bitcoin was at $82,347.48 and Ethereum was at $2,532.42.

Market Trends

The all-time high for Bitcoin was $126,198.07 on Oct. 6, 2025, and the all-time low value for Bitcoin was $0.04865 on July 14, 2010.

Ethereum

The all-time high for Ethereum was $4,953.73 on Aug. 24, 2025, and the all-time low value for Ethereum was $0.4209 on Oct. 21, 2015.