Crypto Biz: AI took a back seat when Bitcoin started climbing
Corporate crypto bets are getting bigger as rising markets reward direct exposure, putting balance-sheet strategies and institutional adoption back in focus.
Bitcoin (BTC-USD) and ethereum (ETH-USD) experienced slight price fluctuations this morning on Thursday, September 3, 2026. Bitcoin began the day at $77,310.77, a 0.1% decrease from Wednesday's opening, before rising to $77,892.97 by 7:19 a.m. ET. Ethereum started at $2,391.30, down 1.1% from Wednesday, and climbed to $2,402.09 at the same time.
Tensions have escalated with U.S. airstrikes against Iranian targets, causing oil prices to surge to over $96 per barrel. Despite this, both cryptocurrencies showed an upward trend, driven by optimism that the president's remarks on the airstrikes being short-lived will prove true and that the energy price surge will diminish. Investors are also watching the August jobs report scheduled for release on Friday.
Looking back, bitcoin's all-time high was $126,198.07 on October 6, 2025, while its lowest point was $0.04865 on July 14, 2010. Ethereum's highest price was $4,953.73 on August 24, 2025, with its lowest point at $0.4209 on October 21, 2015. As cryptocurrencies continue to evolve, Yahoo Finance offers the latest updates and insights for those following the crypto market.
Written by urgent.news from Yahoo Finance's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
