Bitcoin and ether pulled back modestly from the highs they set earlier in the week but held most of their recent gains, according to Yahoo Finance's daily crypto price report for Thursday, August 27, 2026.
Bitcoin (BTC-USD) opened the session at $79,026.75, up 0.6% from Wednesday's opening price, Yahoo Finance reported. As of 8:50 a.m. ET, the price had edged higher to $79,317.69. Ether (ETH-USD) opened up 2.6% from Wednesday's open, though it drifted lower through the morning to $2,499.05 as of the same timestamp.
The notable part of the move was less about the size of the change than about where the levels sat. Yahoo Finance noted that both assets opened at their highest levels in some time: for bitcoin, it was the highest opening figure since early June, and for ether it was the highest opening since August 22. Setting aside that one session, the report said it was the highest opening ether price observed since January 31. In other words, even after slipping from the intraday peaks recorded earlier in the week, both majors were still trading well above where they spent most of the summer.
For historical context, the report listed bitcoin's all-time high as $126,198.07, reached on October 6, 2025, and its all-time low as $0.04865 in July 2010. Ether's record high was listed as $4,953.73, set on August 24, 2025, with an all-time low of $0.4209 in October 2015. Measured against those peaks, bitcoin near $79,000 remains meaningfully below its record, and ether near $2,500 is roughly half its own.
Yahoo Finance's Scott Melker, host of The Daily Wolf, was quoted in the piece as having anticipated the pullback in bitcoin and as saying it is not a cause for concern. That framing is his own market commentary, not a forecast that can be verified in advance, and nothing in the report suggests any particular direction from here.
The week's move did not happen in isolation. In its earlier coverage that week, Yahoo Finance attributed part of the rally to macro rather than crypto-specific factors, pointing to the U.S. Treasury's announcement that it would double the maximum size of its long-term bond buyback program to $4 billion per session, and to improved sentiment that crypto legislation could eventually advance following a White House meeting between President Trump and representatives from Coinbase and Robinhood. James Butterfill, head of research at CoinShares, was cited earlier in the week describing the run as a macro story rather than a crypto one, citing softer inflation and weaker payrolls data that undercut the case for further monetary tightening.
That macro framing matters because it cuts both ways. When digital assets trade primarily on interest-rate expectations, bond-market plumbing and central bank signalling, they tend to move with the same variables that drive equities and gold, and they can reverse just as quickly when those inputs change. Traders spent the week watching for Federal Reserve commentary, and the mid-week fade from the highs came alongside that broader repricing.
None of the above is a prediction. Prices quoted here are snapshots from a specific morning and will have changed since publication. Readers who want the current market should check live prices directly rather than relying on a dated report, and should treat all commentary cited above as opinion rather than guidance.
This is a news summary for general information only — not financial advice, and nothing here is a recommendation to buy, sell, or hold any asset. Always verify against the original source and do your own research before making a financial decision.
Source: Yahoo Finance · 2026-08-29
