Why did the bitcoin price usd drop below $73,000 today?

A mix of risk-off sentiment, delayed US data from a partial shutdown, and ongoing regulatory uncertainty hit confidence. Thin liquidity during Asia hours amplified the move. As $73,000 broke, stops triggered and futures liquidations accelerated the slide before prices stabilised. Macro nerves and a firmer dollar also weighed on crypto appetite.

What levels should Singapore traders watch after the breakdown?

Watch the $70,000 psychological mark and areas where price consolidated in late 2024. Upside, look for reclaimed closes back above recent breakdown zones. Focus on daily closes, not intraday spikes. Use alerts and reduce position size when volatility rises. Strong volume on reclaim attempts improves the odds of a durable bounce.

How do crypto liquidations affect short-term price moves?

Liquidations force exchanges to close leveraged positions, which can extend moves beyond fair value. Once liquidations slow, prices often snap back. Monitoring funding rates, open interest, and basis helps gauge leverage stress. When funding normalises and open interest rebuilds, conditions for steadier trending moves improve.

What should SG investors do to cut slippage and costs?

Use limit orders, split large tickets, and avoid chasing spikes. Check maker-taker tiers, fiat conversion fees, and funding on perpetuals. During volatility, widen acceptable entry bands and be patient. If liquidity is thin, scale in over time. Keep core holdings separate from trading funds to avoid forced sales.

Global Market Insights

BTCUSD Today February 05: Dips Below $73K, Lowest Since Nov 2024

ByHuzaifa Zahoor February 5, 2026February 5, 2026

The bitcoin price usd briefly fell under $73,000 today, the lowest since November 2024, before stabilising. That move put BTCUSD firmly back in focus for Singapore investors facing risk-off sentiment, delayed US data, and rising geopolitical risk. A sharp shift into safe assets and a large weekly drawdown in digital assets point to fragile confidence. We break down drivers, levels to watch, and steps to manage risk, with a practical lens for SG-based traders and long-term holders.