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The Bitcoin price climbed 1% in the last 24 hours to trade at $97,531 as of 11 p.m. EST on a 15% slump in trading volume to $31.35 billion. This follows Abu Dhabi’s bold $436.9 million investment in BlackRock’s iShares Bitcoin ETF (IBIT), signaling growing institutional confidence in digital assets. The investment, made through Mubadala Investment Company, a $280 billion sovereign wealth fund, aligns with the Middle East’s increasing adoption of cryptocurrencies. Abu Dhabi just dropped $437M into BlackRock’s Spot Bitcoin ETF. 🤑 Big money is making moves while retail watches from the sidelines. Smart money or nah? 👀 pic.twitter.com/znroCvXATH — damaze 😵 (@damaze_bro) February 14, 2025 Notably, the move came as BlackRock secured a commercial license in Abu Dhabi. Abu Dhabi has been expanding its crypto presence, including a 2023 Bitcoin mining project with Marathon Digital and Zero Two, highlighting the region’s commitment...

Bitcoin (BTC) has failed to break past the $60,000 resistance zone, with the maiden cryptocurrency consolidating below this level. A break above the $60,000 resistance is a significant catalyst likely to propel Bitcoin to a new all-time high. Amid the current price movement, Bitcoin has witnessed increased whale activity as investors anticipate a possible breakout.  For instance, crypto analyst Ali Martinez shared data in an X post on August 19, revealing that Bitcoin whales have recently realized over $92.7 million in profits. According to the latest data from CryptoQuant, a surge in profit-taking activity occurred between late July and mid-August. Picks for you Bitcoin Rainbow chart predicts BTC price for 2025 34 mins ago Meta AI pr...

Toward the end of the Asian trading session, Bitcoin price is down 1% to $30,845. Similarly, Ethereum is down 1% to $1,938. Considering the 1% dip in the total market cap to $1.25 trillion, the crypto market performance is expected to stay relatively depressed going into the weekend. advertisement How to Navigate Bitcoin Price Technical Outlook As investors step into the market from the long weekend, they’ll quickly realize that trading volume is down across the board. According to data from CoinGlass, all major exchanges continue to report sharp drops in volume in the range of 15-20%. This significant drop in volume impacted the number of liquidations, summing to $47.67 million in the last 24 hours. Open Interest chart courtesy of Coinglass Intriguingly, the market has managed to sustain open interest at $14.50 billion, with the long/short ratio revealing that long traders have a slight upper hand over short traders. Recommended Articl...