Why is the bitcoin price down today?

The slide below $80,000 followed a reset in interest rate expectations after reports that Kevin Warsh could lead the Fed. Tighter policy risk reduced liquidity and risk appetite, prompting stops to trigger near round numbers. Heavy volume and thin order books made moves larger, pushing the bitcoin price to its weakest level since the 2025 tariff shock.

Does BTC below $80k signal more downside?

Sub-$80k keeps bears in control until price closes back above that level. The next supports are $75,644 and $74,420. If buyers reclaim $80,000 and then $84,138, momentum can stabilize. Watch the 50-day average near $89,814 as a stronger trend test before considering a deeper recovery.

What could steady sentiment after this crisis of confidence?

Clear policy guidance from the Fed, calmer rate markets, and evidence of steady spot demand would help. A daily close back above $80,000 with rising volume would improve breadth. Reduced volatility, smaller intraday ranges, and stabilization near the 50-day average would further ease the crisis of confidence in crypto.

How should Hong Kong investors manage currency exposure?

Most local platforms quote BTC in USD or stablecoins. Given the USD–HKD peg, HKD exposure closely tracks USD outcomes. Focus on execution quality rather than conversion. Use limit orders, set alerts around key levels, and size positions for wider ranges. Review platform fees and security to protect capital in volatile periods.

Global Market Insights

BTCUSD Today: February 02 Hits Lows Since 2025 Tariff Shock as Confidence Wanes

ByHuzaifa Zahoor February 2, 2026February 2, 2026

The bitcoin price fell below $80,000 today, its lowest since the 2025 tariff shock, as politics and rates rattled risk assets. Trump’s plan to nominate Kevin Warsh for the Fed reset expectations for tighter policy, pressuring crypto. BTCUSD last traded near $78,648, down 6.94% on heavy turnover. For Hong Kong investors, most platforms quote in USD, so moves translate one-for-one under the USD–HKD peg. The sub-$80k break flags fragile sentiment and higher intraday volatility.