UAE Quits OPEC After 59 Years, BTC Slides Below $76K Amid Hormuz Supply Shock
Key Takeaways: The UAE exits OPEC on May 1, 2026, ending 59 years of membership and removing OPEC’s third-largest producer. Bitcoin fell from a weekly high of $79,490 to below $76,000 on April 28, as traders responded to geopolitical uncertainty and profit-taking. ADNOC holds capacity near 4.85 million barrels per day, and analysts say stabilized…
