Week of February 24 - March 2, 2026
Two Abu Dhabi sovereign wealth funds, Mubadala Investment Company and Al Warda Investments, have invested more than USD 1 billion in IBIT, the Spot Bitcoin ETF by BlackRock. Their holdings increased in Q4 2025 compared to Q3.
BlackRock has launched a new Ethereum fund offering staking yield under the name ETHB. The fund plans to stake 70 to 95 percent of its ETH holdings. As of early 2026, referenced data shows an average annual yield of around 3 percent.
Two companies investing in digital assets have expanded their crypto exposure. Strategy added 2,486 BTC to its Bitcoin holdings, while Bitmine Immersion Technologies acquired 45,759 ETH over the past week. According to Yahoo Finance, Bitmine’s stock has fallen about 85 percent from its peak, while Strategy’s shares are down more than 75 percent.
The Ethereum Foundation stated that 2025 marked a significant year, with two major mainnet upgrades and a substantial increase in the Gas Limit. This year the focus remains on further Gas Limit increases, the Glamsterdam network upgrade in the first half of the year, and continued progress on quantum resistant system enhancements.
Russia may move to block foreign digital asset platforms by mid year, after reports showed that Russians trade over RUB 50 billion worth of crypto daily on offshore platforms and pay around USD 15 billion annually in fees to foreign exchanges.
Harvard University reduced its Spot Bitcoin ETF holdings by more than 20 percent in Q4 last year, while allocating capital to a Spot Ethereum ETF for the first time. As a result, the combined value of its investments in the two digital asset ETFs stood at USD 352.6 million at the end of 2025.
Spot Bitcoin ETFs have recorded net outflows for a fifth consecutive week, a streak not seen since the beginning of 2025. Institutional demand has continued to slow, with all 12 funds reporting combined outflows of approximately USD 316 million in the week ending February 20, 2026.
Bitcoin (BTC) is showing signs of weakening, with the price declining to test the first support level at USD 65,000. If this level breaks, the next key support lies at the previous low of USD 60,000. A drop below that level would warrant cutting losses for now. For a recovery to signal the end of the downtrend, the price would need to break above the resistance level at USD 70,000.
Ethereum (ETH) remains in a weak trend, as the price has been unable to make a new high. It is approaching a key support level at USD 1,750. If this level fails to hold, it would be advisable to pause further investment as the downtrend is likely to continue. For a reversal into an uptrend, the price would need to break above the resistance at USD 2,150. Traders may consider channel trading within this support and resistance range.
Synthetix (SNX) delivered a 39.38 percent gain over the past week. The price is currently pulling back after a strong rally. If it can hold above the support level at USD 0.317, the recovery trend may continue. The take profit target is positioned at the resistance level of USD 0.521.
Injective (INJ) posted a 23.34 percent gain over the past week. However, price momentum is beginning to weaken. Traders should watch the key support level at USD 2.939, which marks the previous low. A break below this level could signal a continuation of the downtrend. The key resistance to watch is at USD 4.032. A breakout above this level would be needed to confirm a sustained bullish reversal.
The cryptocurrency market declined after the Supreme Court of the United States blocked the president from imposing higher import tariffs. However, Donald Trump continued to push forward with the tariff measures, creating market volatility. Selling pressure emerged in the equity market, while investors rotated into safe haven assets such as gold.
Last week, the release of the FOMC meeting minutes reintroduced concerns about potential interest rate hikes, adding pressure to the market. However, the Q4 GDP forecast came in below expectations, providing a modest supportive factor for markets.
This week, a key event to watch is the earnings announcement from Nvidia on Wednesday night, February 25. If both revenue figures and forward guidance meet or exceed expectations, buying momentum could return to technology stocks and Bitcoin (BTC). On the other hand, disappointing results may trigger further sell offs.
Investors should also monitor tensions between the United States and Iran. Any escalation could lead to renewed selling pressure in the crypto market. On a more positive note, the proposed CLARITY Act could progress faster than expected.
Investment strategy: Watch Bitcoin’s key support at the previous low of USD 60,000. If this level fails to hold, it would be prudent to delay further investment. If support remains intact, it may present a medium to long term accumulation opportunity. Short term traders should exercise greater caution due to heightened volatility.
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Remark: The views, information, knowledge, and opinions expressed herein are those of the individuals involved and do not represent the views of Bitazza or its employees. Neither this email nor the content presented constitutes investment advice.