At 9:00 AM ET on Wednesday, September 9, Bitcoin opened at $78,446.18, down 0.8% from Tuesday's opening price; Ethereum opened at $2,484.93, down 0.2% from Tuesday's opening price. As of 7:11 AM ET, Bitcoin's price had risen slightly to $78,824.54, while Ethereum's price remained stable at $2,486.04. Market analysis suggests that the ongoing escalation of tensions in the Middle East and the Federal Reserve's potential 25 basis point interest rate hike at next week's meeting are the main factors contributing to the downward pressure on cryptocurrency prices.