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Bitcoin opened at $80,261.86 on Friday, August 28, 2026, marking a 1.5% increase over the previous day's opening price. ET, the cryptocurrency had retreated to $79,560.02.
This opening represents the highest level observed for bitcoin since May 15. Ethereum opened at $2,511.31 on Friday, up 0.2% from Thursday's opening price. The price of ethereum declined to $2,505.68 by 7:00 a.m.
Over the past week, ethereum prices have repeatedly exceeded the $2,500 threshold. The current price movements coincide with a convergence of several market catalysts expected over the next 48 hours.
These factors include upcoming economic data releases, a significant options expiry event, and the first major speech from a new Federal Reserve chair.
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