At 8:00 AM ET on Thursday, August 13, Bitcoin opened at $63,410.39, down 0.2% from Wednesday's opening price; Ethereum opened at $1,878.08, down 0.2% from Wednesday's opening price. As of 8:29 AM ET, Bitcoin's price had risen to $63,504.99, and Ethereum's price had risen to $1,983.13. Yahoo Finance analysis indicates that Bitcoin's daily opening price has been on a downward trend this week, with its daily, weekly, monthly, and yearly trends now all negative. Traders are weighing the ongoing uncertainty in the Middle East and the economic report showing cooling inflation in July. The analysis suggests that signals that the Federal Reserve may not raise interest rates in September could push Bitcoin back into the $65,000 range. However, as long as the Strait of Hormuz remains blockaded and a long-term peace with Iran is not established, risk assets like Bitcoin will struggle to maintain that price range.