On April 8, 2026, Bitcoin (BTC-USD) opened at $71,926.16, reflecting a 4.5% increase from the previous day's opening price of $68,859.38. Ethereum (ETH-USD) also saw a rise, opening at $2,239.89, which is 6.3% higher than Tuesday's price of $2,107.78. The surge in cryptocurrency prices followed an announcement by U.S. President Donald Trump regarding a two-week ceasefire with Iran, which has improved investor sentiment towards high-risk assets like cryptocurrencies. Bitcoin surpassed $70,000 for the first time since March 26, while Ethereum reached its highest value since March 18. Historical data shows that Bitcoin's price is up 5.4% from last week and 6.9% from the previous month, but down 9.2% year-over-year. Meanwhile, Ethereum's price has increased 6.4% week-over-week and 13.7% month-over-month, with a remarkable 44.1% rise compared to the same time last year. Investors should also be mindful of tax obligations related to cryptocurrency transactions, as profits from sales or exchanges are taxable events.