Updated Aug 11, 2026
/Bitcoin slides 1.4% at Tuesday open, ethereum off 2% with inflation data due this week/Lilly's Foundayo wins U.K. approval, first for weight-loss pill outside United States/Wells Fargo holds $315 Nvidia target as $500 billion AI financing deal expands chipmaker's role/Treasury yields edge higher as oil prices jump and investors await July inflation data/Trump Media posts $238 million Q2 loss as cryptocurrency positions fall/Bose Adds Tech-Licensing Arm and Two Luxury Brands After 60 Years as Single-Brand Maker/Bitcoin slides 1.4% at Tuesday open, ethereum off 2% with inflation data due this week/Lilly's Foundayo wins U.K. approval, first for weight-loss pill outside United States/Wells Fargo holds $315 Nvidia target as $500 billion AI financing deal expands chipmaker's role/Treasury yields edge higher as oil prices jump and investors await July inflation data/Trump Media posts $238 million Q2 loss as cryptocurrency positions fall/Bose Adds Tech-Licensing Arm and Two Luxury Brands After 60 Years as Single-Brand Maker
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Bitcoin slides 1.4% at Tuesday open, ethereum off 2% with inflation data due this week

NEW YORK, August 11. Bitcoin ($BTC) opened at $63,912.50 on Tuesday, August 11, 2026, down 1.4% from Monday's starting price, while ethereum ($ETH) opened at $1,871.33, a 2% decline from Monday's open. Both assets recovered some ground in early trading, with bitcoin reaching $64,282.28 and ethereum $1,888.83 as of 8:32 a.m. ET.

By Mateo Fuentes2 min read$BTC$ETH
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Key takeaways

  • Bitcoin opened at $63,912.50 on Tuesday, August 11, 2026, down 1.4% from Monday's open, while ethereum opened at $1,871.33, down 2%.
  • Both assets partially recovered in early trading, with bitcoin reaching $64,282.28 and ethereum $1,888.83 as of 8:32 a.m. ET.
  • Two inflation reports are due later this week and will factor into whether the Federal Reserve raises interest rates at its September meeting.
  • Year-over-year, bitcoin is down 46.4% and ethereum is down 56%, though ethereum's opening price is up 4.2% from a month ago while bitcoin's is off 0.3%.
  • The source provides no open interest, funding rates, or liquidation levels, so whether the bounces reflect new demand or short-covering is not determinable.

NEW YORK, August 11. Bitcoin ($BTC) opened at $63,912.50 on Tuesday, August 11, 2026, down 1.4% from Monday's starting price, while ethereum ($ETH) opened at $1,871.33, a 2% decline from Monday's open. Both assets recovered some ground in early trading, with bitcoin reaching $64,282.28 and ethereum $1,888.83 as of 8:32 a.m. ET.

Inflation reports and the Fed's September decision

Two inflation readings are scheduled for release later this week. The results will factor into whether the Federal Reserve raises interest rates at its two-day September meeting. Higher rates weigh on bitcoin and ethereum prices because neither asset pays interest, the source notes.

Last week, both assets moved higher after a jobs report missed expectations by a wide margin. Those gains did not hold. Tuesday's opening prices put bitcoin and ethereum back in line with levels from one week ago. Bitcoin's opening sits 0.7% above its price from a week prior. Ethereum's opening shows the same 0.7% gain over that span.

Bitcoin price data

Against its Monday open, bitcoin is down 1.4%. Compared to one month ago, the opening price is off 0.3%. Year-over-year, it is down 46.4%. Bitcoin's all-time high of $128,198.07 was set on October 6, 2025. Its all-time low of $0.04865 was recorded on July 14, 2010.

Ethereum price data

Ethereum's monthly figure diverges from bitcoin's. The opening price is up 4.2% from one month ago, though it is down 56% year-over-year. The all-time high for ethereum was $4,953.73, set on August 24, 2025. Its all-time low of $0.4209 was recorded on October 21, 2015.

Derivatives and volume data

The source provides no open interest totals, funding rates, or liquidation levels for the Tuesday session. The partial recoveries from opening lows arrived without derivatives confirmation. Whether the bounces reflect new demand or short-covering is not determinable from available figures as of the 8:32 a.m. ET snapshot. Both inflation reports due later this week are the next scheduled macro input before the September meeting.

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Frequently asked

Why do higher interest rates weigh on bitcoin and ethereum prices?

Higher rates weigh on both assets because neither bitcoin nor ethereum pays interest, according to the source.

What are bitcoin's and ethereum's all-time highs?

Bitcoin's all-time high of $128,198.07 was set on October 6, 2025, and ethereum's all-time high of $4,953.73 was set on August 24, 2025.

How do Tuesday's opening prices compare to a week ago?

Both bitcoin and ethereum opened 0.7% above their prices from one week prior, putting them back in line with levels from a week ago after last week's gains did not hold.

What caused last week's price gains?

Both assets moved higher last week after a jobs report missed expectations by a wide margin, but those gains did not hold.