The price of bitcoin (BTC) lost support at $76,000 this Tuesday, April 28, 2026, following the official announcement by the United Arab Emirates (UAE) about its withdrawal from the Organization of Petroleum Exporting Countries (OPEC).
This move by Abu Dhabi, motivated by discrepancies in production quotas, has generated a wave of uncertainty in global financial marketsdirectly affecting assets considered “risk”, such as bitcoin.
The following graph shows the price of bitcoin during the last 24 hours:
Also The price of oil has suffered an impact, although in the opposite direction to that of bitcoin. At the time of this publication, a barrel of Brent oil is trading above $110.
The departure of the Emirates from OPEC, effective next month, represents a structural weakening of the oil cartel at a time of extreme geopolitical fragility. Bitcoin, which had been trading with relative stability above USD 76,000, reacted downwards due to the prospect of greater instability in the energy markets and the intensification of tensions in the Gulf.
This emirat decisionIt occurs in the middle of the war between the United States and Israel against Irana conflict that — as CriptoNoticias has been reporting — has kept the Strait of Hormuz closed and has sent crude oil prices up more than 40% since February. The breakdown of cohesion in OPEC suggests a change in the regional economic order.
According to the statement from the state agency WAM, the government of the emirates decided to leave the organization to accelerate investment in its production capacity and meet global demand. Currently, OPEC quotas limit the nation to producing 3.2 million barrels per day, even though its technical infrastructure allows it to reach 5 million.
UAE Energy Minister Suhail al-Mazrouei stated that The measure responds to “long-term market fundamentals”. However, this movement is easily associated with the growing tensions with Saudi Arabia and a nationalist strategy to maximize income in the face of the possible end of hostilities or a reopening of maritime transit.