Bitcoin opened Friday at $66,888.48, down 1.7% from Thursday's $68,077.90 opening, with ethereum at $2,056.78, falling 3.8% from Thursday's $2,138.72. Both cryptocurrencies lost ground following President Trump's prime-time address on Wednesday, with the Iran conflict and broader economic concerns negatively affecting demand for riskier assets including crypto and S&P 500 stocks. Bitcoin dipped while ethereum strengthened slightly during Friday morning trading. Analysts note both cryptos have shown continued weakness after hitting record highs in 2025, with bitcoin's all-time high of $126,198.07 reached on October 6, 2025, and ethereum's peak of $4,953.73 on August 24, 2025. The current downturn has fueled pessimism about long-term outlook, particularly for bitcoin, as traders weigh geopolitical tensions against potential regulatory clarity from upcoming legislation.