Bitcoin (BTC-USD) opened at $83,275.52 on Thursday, October 8, 2026, down 2.7% from Wednesday’s open. As of 7:11 a.m. ET this morning, bitcoin moved down to $82,347.48.

Ethereum (ETH-USD) opened at $2,573.30 on Thursday, October 8, 2026, down 4.6% from Wednesday’s opening price. The price of ethereum moved down further this morning to $2,532.42 as of 7:11 a.m. ET.

Bitcoin and ethereum prices opened this morning at their lowest levels in a couple of weeks as persistent inflation concerns, thanks to continued conflict in the Middle East, have sent oil prices skyrocketing.

Brent crude (BZ=F) futures currently sit at $105.21 a barrel, and it’s weighing on crypto prices:

Despite increased…