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Crypto Assets Bounce Back Above $70 Billion Amid Day of Gains
The crypto markets saw notable gains yesterday after a weekend in which prices dropped across the asset class.
Ni Pete Rizzo
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After a daunting weekend in which the value of cryptocurrencies cratered to levels not seen in months, 48 of the top 50 tokens are posting press-time gains.
In total, the value of all publicly traded crypto assets edged over $70bn today, up nearly $10bn from a low of $61bn observed yesterday. At publication, all of the top 10 cryptocurrencies were in the green, with IOTA, ether and stratis posting the biggest gains.
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Overall, the price movements are the latest that add context to the still-unanswered question of whether the cryptocurrency asset class is in the midst of a "correction" after setting a new all-time high of $115bn in June. Even with the reversal, the market is still down just 40% from figures observed at that time, according to data from Coinmarketcap.
Yet, after winning mainstream press coverage and magazine covers, it appears that mainstream interest in new cryptographic assets may be waning.
Data from Google Trends shows search terms for "ethereum," "bitcoin" and "ICO" were also down from highs observed in mid-June, indicating a possible fatigue in the market among more casual buyers.
As such, it remains unclear whether today's upwards movements will be enough to jumpstart a significant rally, or how stable prices will remain given potential challenges ahead for bitcoin and ether, historically the industry's two most visible assets.
Rackets in the sand image via Shutterstock
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Abu Dhabi wealth funds bitcoin ETF holdings topped $1 billion at end of 2025
Both Mubadala Investment Company and Al Warda Investments lifted investments in BlackRock's iShares Bitcoin ETF (IBIT) in the fourth quarter.
What to know:
- Two major Abu Dhabi investment firms, Mubadala Investment Company and Al Warda Investments, increased their holdings of BlackRock’s iShares Bitcoin Trust (IBIT) in the fourth quarter of 2025 as bitcoin’s price fell.
- Mubadala lifted its IBIT stake to 12.7 million shares and Al Warda to 8.2 million shares.
- Together, they held a combined position that exceeded $1 billion at the end of 2025 but has since declined to just over $800 million amid further bitcoin losses in 2026.
