Bitcoin and ethereum prices today, Monday, August 24, 2026: Prices rising, as investors look for more Fed clues this week

Bitcoin (BTC-USD) opened at $77,727.62 on Monday, August 24, 2026, 0.8% higher than Sunday's opening price. As of 8:50 a.m. ET this morning, the price of bitcoin moved up to $79,106.77.

Ethereum (ETH-USD) opened at $2,463.09 on Monday, August 24, 2026, up 1.6% from Sunday's opening price. The price of ethereum moved higher this morning to $2,507.22 as of 8:53 a.m. ET.

Both bitcoin and ethereum prices posted their strongest weekend in some time. Bitcoin has been at its highest level since May, and ethereum has been at its highest since the end of January and early February.

Crypto analysts are eyeing a move to $80,000 as the next test for bitcoin, especially as the Fed gathers for its summit in Jackson Hole this week:

James Butterfill, head of research at CoinShares, called it "a macro story, not a crypto one," writing that softer inflation and weaker payrolls have undermined the case for tightening. "Short dated yields have fallen, a clear signal that bond investors no longer expect further Federal Reserve rate hikes," Butterfill wrote, adding that the "combination of easing monetary expectations alongside growing doubts over sovereign debt sustainability has historically been a constructive environment for Bitcoin."

He expects the market to hold its range, with $80,000 "an important upper boundary." Whales had stopped selling and begun to accumulate again, he wrote, though not yet at a scale that would imply "an immediate and sustained breakout," which he did not expect them to reach over the next 12 months.