The bitcoin price slid below US$80,000 into Feb 1 SGT, with a trough at US$78,159 as risk appetite weakened. Spot BTCUSD extended a 30% drawdown from recent highs, pressured by thin liquidity and persistent spot ETF outflows. A stronger dollar DXY on hawkish Federal Reserve expectations added to the crypto market selloff. We break down what moved the tape, the levels that matter, and practical steps Singapore investors can consider as volatility stays elevated around multi-month lows last seen in April 2025.
What drove today’s drop below US$80,000
Persistent net outflows from US spot ETFs weighed on the bitcoin price as bids faded during Asia hours, where liquidity can be patchy. Sellers pushed through resting orders, knocking price to an intraday low of US$78,159, the weakest since April 2025. Bloomberg flow color cited by The Straits Times points to continued redemptions, which sap demand during down moves. See coverage in The Straits Times.
The stronger dollar DXY firmed as traders priced a later start to rate cuts, tightening financial conditions for risk assets. Bitcoin tends to move inversely to the greenback, and that link reasserted this week. As the dollar bounced, crypto weakened, amplifying the slide already in motion. For the inverse dollar-BTC dynamic, see Yahoo Finance.
Key levels and technical view
US$80,000 is a psychological pivot. The intraday trough at US$78,159 is the first support to monitor. A clean daily close below that low would signal sellers in control and keep the bitcoin price vulnerable to further stops. Until liquidity improves, we expect whippy moves around these levels with fast extensions when order books thin.
A sustained reclaim and hold above US$80,000 would be an early sign that pressure is easing. We want to see higher lows on the 4-hour chart, rising spot volumes, and funding normalizing toward flat. If rebounds occur on weak volume, they often fade. For confirmation, wait for a daily close back above the breakdown area.
Portfolio impact for Singapore investors
Volatility cuts both ways. We suggest smaller position sizes and staggered entries rather than a single buy. Define your invalidation level before placing an order. Consider using limit orders to avoid slippage during spikes. If you trade short-term, pre-set stops and reduce leverage. Capital preservation matters more when ranges expand quickly.
SG investors can use BTC/SGD pairs on local platforms to align with SGD cash flows, or stick to BTC price USD if that suits your accounting. During events like this crypto market selloff, spreads and fees can widen. Avoid market orders in thin books, and review funding, maker-taker tiers, and withdrawal costs.
What could steady the market next
Stronger US data can keep the dollar firm and pressure risk. Softer prints or clearer Fed guidance on cuts would ease the dollar and help sentiment. Watch upcoming US labor updates, inflation readings, and Fed speakers. If the dollar cools, that could relieve one of today’s key headwinds on the bitcoin price.
We track whether spot ETF outflows slow or flip positive, plus changes in open interest and funding. A reset with lower leverage and rising spot demand is constructive. On-chain, increased long-term holder accumulation would add support. Clear improvement across these areas raises the odds that dips get bought and bases can form.
Final Thoughts
The bitcoin price breaking below US$80,000, with a US$78,159 low, reflects a confluence of flow pressure and macro tone. Persistent ETF redemptions drained demand as the stronger dollar DDX kept risk on the back foot. For traders, US$80,000 remains the near-term pivot. A close back above it, with rising spot volume and healthier funding, would be encouraging. For Singapore investors, keep sizes modest, use limit orders, and review costs during volatile windows. Track ETF net flows, the dollar’s path, and key US data. Patience and a rules-based plan can help you avoid chasing whipsaws while staying ready for cleaner setups.
FAQs
Why did the bitcoin price fall below US$80,000 today?
Selling accelerated on thin liquidity as spot ETF outflows continued and the dollar firmed on hawkish Fed expectations. Those drivers pressured bids and pushed price to a US$78,159 low, the weakest since April 2025. The inverse link between bitcoin and the dollar added fuel to a risk-off session.
Is bitcoin still a hedge when the dollar rises?
In the short run, bitcoin often trades inversely to the dollar. When the dollar strengthens, financial conditions tighten and risk assets can fall. Over longer periods, bitcoin has shown mixed correlations. Treat it as a high-volatility asset, not a guaranteed hedge, and size positions with that risk profile in mind.
What levels should I watch after this crypto market selloff?
US$80,000 is the immediate pivot. The session low at US$78,159 is first support. A hold and reclaim above US$80,000 with better spot volumes would help. If price closes below the low, sellers likely stay in control. Avoid chasing moves unless your plan defines entries, exits, and invalidation clearly.
How should Singapore investors approach BTC price USD volatility?
Use smaller sizes and staged orders. Prefer limit orders to manage slippage. Choose BTC/SGD if you want to match SGD cash flows, or stick with BTC price USD for global benchmarks. Review spreads, fees, and funding, which can widen during stress. Protect capital first, then look for higher-quality setups.
Disclaimer:
The content shared by Meyka AI PTY LTD is solely for research and informational purposes. Meyka is not a financial advisory service, and the information provided should not be considered investment or trading advice.
What brings you to Meyka?
Pick what interests you most and we will get you started.
I'm here to read news
Find more articles like this one
I'm here to research stocks
Ask our AI about any stock
I'm here to track my Portfolio
Get daily updates and alerts (coming March 2026)