#Bitcoin BTC Price News & Insights Today 1-2-2026 - Elliott Wave and technical analysis of #BTC, key support and resistance zones. Video by More #Crypto Online.
Buy, sell, and store over 400 digital assets at one of Europe’s leading exchanges. Crypto trading and staking made simple!
Learn more >>
Bitcoin (BTC) is trading at approximately $78,740 as of February 1, 2026, following a significant weekend pullback of roughly 7%. The market is currently grappling with a "crisis of confidence" after BTC broke below the critical $80,000 psychological support level, marking its lowest point so far in 2026.
Buy Bitcoin >>
Bitcoin Insights Today
-Federal Reserve Headwinds: The recent nomination of Kevin Warsh as the next Fed Chair has triggered a broad sell-off. Markets perceive Warsh as more hawkish than previous candidates, leading to fears of tighter monetary policy and higher interest rates, which typically pressure risk assets like Bitcoin.
-Institutional Outflows: U.S. spot Bitcoin ETFs recorded their largest single-day redemption since launch on January 29, with $817 million in outflows. This massive exit of institutional capital has contributed to the price slide from its early January high of over $90,000.
-Massive Liquidations: The rapid decline saw over $1.75 billion in leveraged crypto long positions liquidated within a 24-hour period, accelerating the downward momentum as price floors failed to hold.
Regulatory Updates:
--United Kingdom: The Cryptoasset Reporting Framework (CARF) came into force on January 1, 2026, increasing tax residency reporting requirements for service providers.
--India: The Budget 2026 speech introduced new penalties for inaccurate crypto tax reporting (up to Rs 50,000) effective April 1, 2026, though the 30% flat tax on gains remains unchanged.
Buy Bitcoin >>
