Why did the bitcoin price fall below US$80,000 today?

Selling accelerated on thin liquidity as spot ETF outflows continued and the dollar firmed on hawkish Fed expectations. Those drivers pressured bids and pushed price to a US$78,159 low, the weakest since April 2025. The inverse link between bitcoin and the dollar added fuel to a risk-off session.

Is bitcoin still a hedge when the dollar rises?

In the short run, bitcoin often trades inversely to the dollar. When the dollar strengthens, financial conditions tighten and risk assets can fall. Over longer periods, bitcoin has shown mixed correlations. Treat it as a high-volatility asset, not a guaranteed hedge, and size positions with that risk profile in mind.

What levels should I watch after this crypto market selloff?

US$80,000 is the immediate pivot. The session low at US$78,159 is first support. A hold and reclaim above US$80,000 with better spot volumes would help. If price closes below the low, sellers likely stay in control. Avoid chasing moves unless your plan defines entries, exits, and invalidation clearly.

How should Singapore investors approach BTC price USD volatility?

Use smaller sizes and staged orders. Prefer limit orders to manage slippage. Choose BTC/SGD if you want to match SGD cash flows, or stick with BTC price USD for global benchmarks. Review spreads, fees, and funding, which can widen during stress. Protect capital first, then look for higher-quality setups.

Global Market Insights

BTCUSD Today: February 01 Drop Below $80K as Hawkish Fed Bets Bite

ByDanny Kontos February 1, 2026February 1, 2026

The bitcoin price slid below US$80,000 into Feb 1 SGT, with a trough at US$78,159 as risk appetite weakened. Spot BTCUSD extended a 30% drawdown from recent highs, pressured by thin liquidity and persistent spot ETF outflows. A stronger dollar DXY on hawkish Federal Reserve expectations added to the crypto market selloff. We break down what moved the tape, the levels that matter, and practical steps Singapore investors can consider as volatility stays elevated around multi-month lows last seen in April 2025.