Why did the bitcoin price drop below $65,000 today?

Risk appetite weakened while gold strengthened, undermining the safe-haven story for crypto. Spot ETF demand cooled, removing a key source of support. As liquidity thinned, sellers pushed price through a widely watched level, which often triggers additional selling and volatility on the day.

Is bitcoin still a safe haven compared with gold?

Recent action suggests investors still prefer gold during stress. Gold has a deep, established market and broad central bank demand. Bitcoin remains higher beta and can drop quickly when risk sentiment sours. Over time, it may diversify portfolios, but near-term flows favor traditional havens.

What levels should traders in Switzerland watch next?

Watch if price can reclaim and hold above $65,000. Failure there can keep pressure on $62,000 to $60,000. A clean close back above $65,000 would improve the short-term picture. Use these zones as planning guides, not guarantees, and size positions to handle sharp swings.

How can Swiss investors manage FX risk when trading BTC?

Many local platforms quote BTC in USD. Check whether your account settles in CHF or USD, and review conversion costs. You can keep cash balances in your preferred currency or hedge exposure with FX instruments. Always include spreads, funding, and fees when calculating expected returns.

Global Market Insights

BTCUSD Today, February 06: Slides Below $65K as Safe‑Haven Case Fades

ByHuzaifa Zahoor February 6, 2026

The bitcoin price slid below $65,000 on February 6, signaling that the safe-haven story is fading as gold outperforms and risk assets wobble. The BTCUSD pair’s decline comes alongside softer spot ETF demand and rising volatility. For Swiss investors, most quotes show in USD even when trading via local platforms, so FX moves also matter. We break down what pushed the bitcoin price lower, key levels, and practical tactics to manage risk during a crypto market selloff.