Why did Bitcoin fall below $67,000 today?

U.S. Treasury Secretary Scott Bessent said the government will not bail out crypto or direct banks to support it. That hit sentiment, triggered de-risking, and pushed the btc to usd pair under $67,000. With leverage unwinding and thin liquidity, bids stepped back and the drop broadened across major tokens.

What does btc to usd mean for Indian investors?

It is the global reference price for one Bitcoin in U.S. dollars. Indian platforms quote INR, but many track btc to usd for fair value. During volatility, INR order books can show brief premiums or discounts. Compare both references, account for fees and TDS, and use limit orders to manage slippage.

Should I buy the dip or wait?

Decide based on your time horizon. Long-term investors can rupee-cost average with limits near preferred zones, independent of headlines. Short-term traders should wait for confirmation, such as a reclaim of a lost level or improving breadth. Always predefine risk, use stops, and keep sizes small in choppy markets.

What key levels are important this week?

On downside, watch $67,000 as a pivot, then $65,000 and $62,500. On upside, $70,000 and $72,500 are reference areas. These levels can shift as liquidity forms. Use them with order book depth and session timing, not in isolation, to guide entries and exits in the btc to usd pair.

How do taxes in India affect BTC trades?

Gains on virtual digital assets are taxed at 30% plus surcharge and cess, and 1% TDS applies on eligible trades. This reduces net returns beyond the btc to usd headline. Keep detailed records of cost basis, factor taxes into your plan, and avoid overtrading that may create taxable events without improving outcomes.

Global Market Insights

BTCUSD Today, February 6: Slides Below $67K as Bessent Rejects Bailouts

ByDanny Kontos February 6, 2026February 6, 2026

The btc to usd pair slid below $67,000 today after Treasury Secretary Scott Bessent rejected any idea of government support for crypto markets. Bitcoin price today hit its weakest level since 2024 as traders cut leverage and risk. The move weighed on majors and tokens across the board. For Indian investors, btc to usd swings also affect INR quotes and spreads on local platforms. We break down what changed, the immediate risks, and a practical roadmap for decisions on BTCUSD.