BTCUSD Today: February 1 Hits Lows Since 2025 Tariff Shock on USD Jump
The bitcoin price slid below $79,000 today, with BTCUSD hitting an intraday low near $75,644 as traders reacted to US dollar strength and rate repricing. Headlines around a potential Kevin Warsh Fed appointment and a sharp silver selloff amplified risk-off flows. For Swiss investors, moves in USD can skew CHF returns and widen spreads on CHF pairs. We break down drivers, technical levels, and practical steps to manage exposure while this selloff tests key supports.
Market Drivers Today
The bitcoin price faced pressure as the greenback firmed on reports that Donald Trump could name Kevin Warsh to lead the Federal Reserve. A stronger USD tends to weigh on risk assets, including crypto, as global liquidity tightens. This dollar impulse coincided with broader de-risking and pushed BTC through key intraday levels, according to early market commentary from major desks and media source.
A sharp selloff in silver added stress to cross-asset sentiment, reinforcing defensive positioning across commodities and digital assets. When metals liquidate quickly, some investors cut broader risk, which can spill into crypto. That cross-market pressure helped drive BTC to its lowest marks since the 2025 tariff shock, as noted by financial press coverage source.
Traders are recalibrating the path of policy rates as US growth and inflation risks keep real yields elevated. The Kevin Warsh Fed narrative adds uncertainty on policy bias, which can support the dollar and tighten financial conditions. That mix often compresses liquidity for speculative assets, so BTC led declines while altcoins followed. Near term, USD momentum remains a key driver for direction.
What It Means for Swiss Investors
Swiss investors track BTC in USD, but CHF returns can differ when US dollar strength persists. A rising USD can cushion local returns during crypto dips, while a falling USD can cut gains even if BTC rallies in dollars. Consider how currency moves interact with position sizing, rebalancing plans, and order placement across USD and CHF pairs.
Many in Switzerland use crypto ETPs on SIX and regulated brokers for exposure. Others trade spot on exchanges that offer CHF pairs. During fast markets, spreads on CHF pairs can widen, and funding costs can shift. Compare total costs, including custody and product fees, and decide whether USD or CHF trading rails fit your strategy.
Volatility can surge when liquidity thins. Use limit orders, set alerts near key levels, and predefine position sizes. Keep an eye on platform status pages and maintenance windows. If you use leverage, stress test margin levels for larger swings, since cross-asset shocks can hit crypto outside Swiss trading hours, when liquidity is often thinner.
Technical Levels to Watch on BTCUSD
BTC trades near $78,648 after a day range between $75,644.15 and $84,138.00. Price is below the Bollinger lower band at $84,208.69 and the Keltner lower band at $83,600.01, showing a stretched tape. The bitcoin price briefly pierced those envelopes, which can signal short-term exhaustion, but follow-through depends on how quickly liquidity returns.
BTC sits below its 50-day average at $89,813.60 and 200-day at $104,526.08, keeping a downside bias intact. RSI at 48.91 is neutral, while MACD at -245.82 versus a -967.46 signal leaves a positive histogram of 721.64, suggesting selling pressure may be easing. ADX at 25.89 points to a firm trend, so bounces can be choppy.
ATR at 3,252.65 highlights wide daily swings. Reported volume near 1,167,439,207 outpaced the 657,956,204 average, indicating heavy participation on the drop. On-balance volume remains negative, and MFI at 47.98 is mid-range. Together, this mix supports tactical mean-reversion trades, but the tape can stay wide while macro drivers remain active.
Scenarios for the Next Week
If US dollar strength fades, short covering could lift BTC toward reclaimed reference points. First, watch a return above the Keltner lower band at $83,600 and the Bollinger lower band near $84,208. Clearing those areas would stabilize btc usd and open a test toward the 50-day average at $89,813, where sellers may regroup.
If the dollar advance continues, the bitcoin price could revisit today’s $75,644.15 low, then the year low at $74,420.69. A sustained break would keep the downtrend intact and pressure altcoins. In that case, traders may reduce gross exposure, tighten stops, and avoid chasing bounces until momentum indicators turn.
Watch headlines around a Kevin Warsh Fed nomination, any follow-through in silver, and incoming US macro prints that affect yields and the dollar. For Switzerland, keep an eye on CHF moves and any SNB remarks that shift local funding costs. Rising liquidity, tighter spreads, and improving breadth would help confirm a durable rebound.
Final Thoughts
Today’s slide below $79,000 reflects a simple mix, US dollar strength, rate repricing, and a metals-driven risk reset. For Swiss investors, the bitcoin price in USD can diverge from CHF outcomes, so plan entries and exits with currency in mind. On the chart, $83,600 to $84,200 is the first repair zone, while $75,644 and $74,421 are key supports. Consider staged orders, clear stop levels, and smaller sizes until volatility cools. If dollar momentum eases, BTC can stabilize above the lower bands. If it persists, defense comes first. Keep focus on liquidity, costs, and disciplined execution.
FAQs
Why did the bitcoin price drop today?
The move followed US dollar strength after headlines about a potential Kevin Warsh Fed appointment and a sharp selloff in silver. Those factors triggered de-risking across assets. Traders also repriced the rate path higher, which can pressure liquidity for crypto and push BTC through support levels.
How does US dollar strength affect btc usd and Swiss returns?
A stronger USD often pressures risk assets, so btc usd can fall when the dollar rises. For Swiss investors, USD swings also change CHF returns. A rising USD can cushion local losses, while a falling USD can trim gains. Consider whether you hold USD or CHF exposure when sizing positions.
What technical levels matter now for BTCUSD?
Watch $83,600 and $84,209 as initial repair zones, then the 50-day average near $89,814. On the downside, today’s low at $75,644 and the year low at $74,421 are key supports. RSI is near neutral, while the MACD histogram improving suggests selling pressure may be easing.
Is now a good time to buy bitcoin?
That depends on your risk tolerance, time horizon, and plan. Volatility is high, so consider staged entries, predefined stops, and smaller sizes. Many traders wait for a close back above the lower bands or a stronger breadth signal before adding, especially while US dollar strength remains in play.
How can Swiss investors reduce currency risk in bitcoin?
Use CHF trading pairs or CHF-listed ETPs to align exposure with your base currency. If you trade in USD, consider balancing with CHF assets or keeping cash buffers. Monitor spreads during US hours, since they can widen. Always compare total costs across custody, funding, and product fees.
Disclaimer:
The content shared by Meyka AI PTY LTD is solely for research and informational purposes. Meyka is not a financial advisory service, and the information provided should not be considered investment or trading advice.
