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

A stronger US dollar after “Kevin Warsh Fed pick” headlines and a sharp silver selloff pushed investors into safe assets. Weekend liquidity thinned the order book, so moves accelerated. Ether’s decline added pressure. Together, these factors drove BTC under $80,000 and kept volatility elevated into today’s session.

What key technical levels should I watch today?

Watch resistance near $82,500 and support around $75,800. Today’s low was about $75,644, with the year low at $74,420. The 50-day average sits near $89,814 and the 200-day near $104,526. A hold above $75,800 stabilizes the tape; a push over $82,500 reduces downside risk.

How should Swiss investors trade BTC below $80k?

Use limit orders and size positions for volatility. Track USD/CHF because dollar moves can impact crypto liquidity in Europe. Decide whether Swiss-listed crypto ETPs on SIX or spot exposure via local brokers fit your costs and custody needs. Stagger entries around defined levels to reduce timing risk.

Is this dip a buying opportunity or a warning sign?

Signals are mixed. RSI near 49 is neutral and ADX near 26 shows a firm trend, while ATR above 3,200 indicates large swings. If $75,800 holds and $82,500 breaks, a bounce is likely. If $75,800 fails, risk grows for a retest of $74,420 before stabilization.

Global Market Insights

BTCUSD Today, February 02: Bitcoin Drops Below $80K as Dollar Surges

ByDanny Kontos February 2, 2026February 2, 2026

The bitcoin price slid below $80,000 this weekend, briefly touching about $75,600 as risk assets sold off. The pair BTCUSD stays volatile after a strong US dollar on “Kevin Warsh Fed pick” headlines and a sharp silver selloff. Ether also fell. For Swiss investors, USD levels matter even when trading CHF accounts. Technicians now eye resistance near $82,500 and support around $75,800. With BTC below $80k and sentiment fragile, we outline key drivers, levels, and tactics for today.