Why did the bitcoin price drop today?

The move followed US dollar strength after headlines about a potential Kevin Warsh Fed appointment and a sharp selloff in silver. Those factors triggered de-risking across assets. Traders also repriced the rate path higher, which can pressure liquidity for crypto and push BTC through support levels.

How does US dollar strength affect btc usd and Swiss returns?

A stronger USD often pressures risk assets, so btc usd can fall when the dollar rises. For Swiss investors, USD swings also change CHF returns. A rising USD can cushion local losses, while a falling USD can trim gains. Consider whether you hold USD or CHF exposure when sizing positions.

What technical levels matter now for BTCUSD?

Watch $83,600 and $84,209 as initial repair zones, then the 50-day average near $89,814. On the downside, today’s low at $75,644 and the year low at $74,421 are key supports. RSI is near neutral, while the MACD histogram improving suggests selling pressure may be easing.

Is now a good time to buy bitcoin?

That depends on your risk tolerance, time horizon, and plan. Volatility is high, so consider staged entries, predefined stops, and smaller sizes. Many traders wait for a close back above the lower bands or a stronger breadth signal before adding, especially while US dollar strength remains in play.

How can Swiss investors reduce currency risk in bitcoin?

Use CHF trading pairs or CHF-listed ETPs to align exposure with your base currency. If you trade in USD, consider balancing with CHF assets or keeping cash buffers. Monitor spreads during US hours, since they can widen. Always compare total costs across custody, funding, and product fees.

Global Market Insights

BTCUSD Today: February 1 Hits Lows Since 2025 Tariff Shock on USD Jump

ByDanny Kontos February 2, 2026February 2, 2026

The bitcoin price slid below $79,000 today, with BTCUSD hitting an intraday low near $75,644 as traders reacted to US dollar strength and rate repricing. Headlines around a potential Kevin Warsh Fed appointment and a sharp silver selloff amplified risk-off flows. For Swiss investors, moves in USD can skew CHF returns and widen spreads on CHF pairs. We break down drivers, technical levels, and practical steps to manage exposure while this selloff tests key supports.