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Bitcoin opened at $77,395.89 on Wednesday, September 2, 2026, marking a 1.5% decline from the previous day's open, while ethereum started trading at $2,417.66, down 2.0% from Tuesday.
ET, bitcoin had slipped to $76,597.13 and ethereum fell further to $2,373.76, a drop attributed to renewed U.S. airstrikes on Iranian targets and subsequent Iranian retaliation with rockets and drones.
The escalation in the conflict has pushed oil prices higher, intensifying inflation concerns ahead of a Federal Reserve meeting scheduled for later this month.
Rising energy costs are increasing the likelihood of a rate hike, a development that pressures cryptocurrency valuations because these digital assets do not pay interest.
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