#Bitcoin BTC Price News & Insights Today 3-2-2026 - Technical analysis of #BTC, on market structure, key support and resistance zones. Video by More #Crypto Online.
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As of February 3, 2026, Bitcoin (BTC) is trading at approximately $78,690, showing a minor intraday decline of 0.04%. The market is currently experiencing significant volatility following a drop to a 10-month low of $74,541 on Monday, driven by macroeconomic concerns regarding the nomination of Kevin Warsh as Federal Reserve Chair.
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Bitcoin Insights Today
-Macro Headwinds: The nomination of Kevin Warsh has triggered fears of tighter monetary policy, strengthening the U.S. dollar and causing a "risk-off" sentiment that has heavily impacted Bitcoin and other digital assets.
-Extreme Fear Sentiment: The Crypto Fear & Greed Index has plunged to a score of 14, indicating "Extreme Fear" among investors.
-Institutional Outflows: Spot Bitcoin ETFs recorded significant weekly outflows totaling approximately $1.65 billion in the U.S. as of early February.
-Technical Support: Analysts identify $75,000 as a critical support level based on options activity. A failure to hold this could lead to a further drop toward the $70,000 zone.
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