Bitcoin and ethereum prices today, Wednesday, August 26, 2026: 'Bitcoin is having a price gusher to close out August'

Bitcoin (BTC-USD) opened at $78,528.41 on Wednesday, August 26, 2026, 0.5% lower than Tuesday's opening price. As of 8:25 a.m. ET this morning, the price of bitcoin moved up to $78,585.58.

Ethereum (ETH-USD) opened at $2,442.30 on Wednesday, August 26, 2026, down 1.6% from Tuesday's opening price. The price of ethereum moved higher this morning to $2,469.90 as of 8:25 a.m. ET.

The price of bitcoin cleared $80,000 yesterday for the first time in over three months. Prices hit a high of $81,235.03 on Tuesday.

The rally follows a surprise move by the U.S. Treasury Department to double its long-term bond-buying program. And this latest price run has bitcoin bulls out in full force.

Yahoo Finance Executive Editor Brian Sozzi published another great crypto article this morning that outlines how bitcoin's August "price gusher" might only be the start of some long-term gains in the years ahead:

"In our base case, we expect bitcoin to reach new all-time high of $150K by mid-2027 and $300K by 2029 end. However, given the macro regime shift, if institutional capital actively chases bitcoin, we could see an accelerated timeline, with bitcoin potentially peaking at $500K in 2029 and rapid recovery to new all-time highs of ~$200K by mid-2027. We maintain our bitcoin price forecast of ~$1 M million by 2033 end across the base and bull case," Chhugani said in a note on Wednesday.