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Bitcoin and Ethereum prices pull back after strong opening, following pause in US airstrikes in Iran
Bitcoin and Ethereum prices retreated on Friday morning, July 31, 2026, after a strong opening. Bitcoin, which opened 1.3% higher than Thursday, fell to $63,652.09, while Ethereum, up 0.4% at open, dropped to $1,877.52. This pullback occurred after a pause in U.S. airstrikes in Iran overnight. Analysts continue to anticipate a potential interest rate hike this year, citing the ongoing closure of the Strait of Hormuz and elevated energy costs.
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