Bitcoin and ethereum prices today, Thursday, July 16, 2026: Prices rise, ethereum becomes 'increasingly compelling'
Bitcoin and ethereum prices today, Thursday, July 16, 2026: Prices rise, ethereum becomes 'increasingly compelling'.
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Bitcoin ( BTC-USD ) opened at $64,720.36 on Thursday, July 16, 2026 , down 0.4% from Wednesday's opening price. The value of bitcoin fell to $64,065.98 by 8:26 a.m. ET.
Ethereum ( ETH-USD ) opened at $1,917.05, up 1.5% from yesterday's opening price. The price of ethereum moved down to $1,877.39 by 8:26 a.m. ET.
The prices of bitcoin and ethereum are having a bit of a shining moment this week, just as gold and silver prices continue to struggle. Since the softer-than-expected CPI report earlier this week , crypto prices have found significant room to rise.
Some investors are growing increasingly confident in a crypto rebound, with ethereum leading the charge. And this isn't the first time ethereum has led bitcoin in a price recovery.
"I continue to believe the tactical backdrop for crypto is improving, with ETH increasingly standing out as one of the more attractive ways to express that view," Fundstrat digital asset strategist Sean Farrell said on Tuesday night.
Ethereum, which has jumped 7% over the past five days compared to bitcoin's nearly 2% rise, is becoming "increasingly compelling," Farrell said, given the "historical precedent for ETH leading broader crypto recoveries."
During the 2022 bear market, ethereum began outperforming bitcoin several months before bitcoin eventually reached its market bottom, suggesting a similar pattern could be emerging.
Read more: Bitcoin jumps to $65,000: 'Backdrop for crypto is improving'
The price of bitcoin this morning was 0.4% lower than yesterday's open. Here's a look at how the opening bitcoin price has changed versus last week, month, and year:
The all-time high for bitcoin was $126,198.07 on Oct. 6, 2025. The all-time low value for bitcoin was $0.04865 on July 14, 2010.
The price of ethereum this morning was 1.5% higher compared to Wednesday's open. Here's a look at how the opening ethereum price has changed versus last week, month, and year:
The all-time high for ethereum was $4,953.73 on Aug. 24, 2025. The all-time low value for ethereum was $0.4209 on Oct. 21, 2015.
Bitcoin, ethereum, and other cryptocurrencies are rapidly evolving. Follow the latest developments from Yahoo Finance and others here .
A bitcoin or crypto credit card generally works just like any other credit card. When you apply and get approved, you'll be assigned a credit limit, and you can use your card to make purchases. If you don't pay your total balance by your card's monthly due date, you'll start to accrue interest at your assigned APR .
The difference is the types of rewards you'll earn. Instead of earning airline miles , rewards points, or cash back on your spending, you'll earn crypto. The percentage back you earn on each purchase — such as 3% back on gas or 2% back at restaurants — is converted from U.S. dollars to bitcoin or another cryptocurrency at the current market value. You can then access your rewards through your connected crypto account.
For example, say you make a $500 purchase that earns 3% bitcoin rewards. You'll earn $15 in U.S. dollars on that purchase. With a bitcoin credit card, your $15 may be converted at the current bitcoin value (about 0.00014 bitcoin in October 2025) and deposited in your crypto account.
The biggest benefit of crypto rewards is the potential for growth over time. Let's say you had a total bitcoin rewards balance worth $100 USD at the end of 2024. By early October 2025, the value of those same rewards would have increased to about $114 — even if you didn't earn any additional rewards over that time.
