What is the bitcoin price usd today?

Bitcoin trades at $78,648 after a 6.94% daily drop, with a day low of $75,644 and a day high of $84,138. It is below the 50-day average of $89,814 and the 200-day average of $104,526. Volatility is elevated, so expect wide intraday ranges.

Which support and resistance levels matter now?

Near-term, $76,000 is pivotal. Below that, $73,000 to $70,000 is the key demand zone. On the upside, reclaiming $84,000 and then the 50-day average near $89,814 would improve momentum. A daily close back inside the Bollinger Bands would help stabilize the tape.

How could Michael Burry’s warning affect metals and crypto?

If crypto weakness sparks forced selling in gold and silver, liquidity can thin across assets. That can widen spreads, raise funding costs, and trigger more de-risking. For crypto, it could mean faster moves and deeper wicks, especially if miners and leveraged holders start cutting exposure.

Is this a crypto bear market or a correction?

Technicals show a downtrend versus key averages, but RSI is neutral and an overshoot below the lower Bollinger Band can retrace. Treat conditions as a weak market with bear-like traits. A sustained close above $84,000 to $89,000 would be the first sign that downside pressure is easing.

Global Market Insights

BTCUSD Today: February 06 — Burry Flags $1B Metals Unwind as BTC Slides

ByHuzaifa Zahoor February 5, 2026February 5, 2026

The bitcoin price usd slid, with spot at $78,648 after a 6.94% daily drop, as Michael Burry warned the slump could force up to $1 billion in gold and silver sales. As BTCUSD probes the $70,000 to $73,000 zone, Hong Kong traders are eyeing liquidity, funding, and miner stress. Macro pressure from firmer Fed expectations adds to risk-off flows. We outline key levels, technical signals, and what a metals unwind could mean for crypto portfolios in HK today.