Bitcoin price today: The world's largest cryptocurrency has slipped below $80,000 on 1 February, trading at $78,566.83, down 6.55% over the past 24 hours, according to data on CoinMarketCap.
At the time of writing, Bitcoin's market capitalisation was down 6.6% to $1.56 trillion, with trading volumes over the past 24 hours up by 2.2% to $71.78 billion, the data further showed. This is the lowest the token has been since 21 November 2025.
Bitcoin continued its bearish trend, down 6.09%, underperforming the broader crypto market's 5.89% drop. Over the past seven days, BTC has slipped 11.6% amid $770 million in liquidations, forced selloffs, key support breaks and market sentiment at extreme fear (18/100), which fueled risk aversion.
The token has also been on a downward move amid a wider rout in the commodity markets, which saw gold and silver prices crash from record highs. The yellow metal sank over 12% below $5,000 an ounce — its biggest daily decline since the early 1980s; while silver crashed over 36% in its biggest intraday decline ever.
The selloffs came after US President Donald Trump nominated former Federal Reserve Governor Kevin Warsh to replace Jerome Powell as Chair of the US central bank.
According to Reuters, crypto investors are worried that Fed chief Kevin Warsh might tighten cash in the US financial system. He has called for a regime change and a smaller Fed balance sheet, among other things, it added.
Bitcoin and other cryptocurrencies made big gains amid broad Fed-infused liquidity in money markets, which enabled more speculative investment bets when choosing assets, the report noted.
The total crypto market cap slipped below $3 trillion to $2.66 trillion, at the time of writing, with a 24-hour trading volume of $185.43 billion. Further, Bitcoin's dominance in the crypto markets was 59%, followed by Ether at 11.1%, with the remaining tokens accounting for 29.9%.
Disclaimer: This story is for educational purposes only. The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
Disclaimer: This story is for educational purposes only. The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions. ...
