Bitcoin and ethereum prices today, Monday, August 24, 2026: Prices rising, as investors look for more Fed clues this week
Bitcoin (BTC-USD) and Ethereum (ETH-USD) experienced price increases on Monday, August 24, 2026. Bitcoin opened at $77,727.62, rising 0.8% to $79,106.77. Ethereum started the day at $2,463.09, climbing 1.6% to $2,507.22. Both cryptocurrencies posted their best weekend performance in a while. Analysts are watching if prices hit $80,000, a key test for Bitcoin, especially with the Federal Reserve meeting in Jackson Hole this week.
James Butterfill, head of research at CoinShares, attributes the rise to softer inflation and weaker job data, reducing the likelihood of rate hikes. Falling short-term yields show bond investors no longer anticipate more Fed rate increases. This favorable environment, with reduced monetary expectations and concerns about sovereign debt sustainability, has historically benefited Bitcoin.
However, analysts expect the market to remain in range, with $80,000 as an important upper boundary.
Written by urgent.news from Yahoo Finance's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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