Bitcoin price today falls to $84,000: Why $800 million was wiped out amid crypto market sell-off as tech stocks slide - will BTC USD crash to $80,000

Bitcoin price BTC USD today: Bitcoin fell sharply on Thursday, dropping to around $84,000, its lowest level since November 2025. The biggest cryptocurrency lost over 6% in just 24 hours, while Ethereum, XRP, Solana, and other major tokens also saw significant declines.

BTC USD Price Today Falls to $84,000 Amid Crypto Market Sell-Off

The sell-off was largely driven by investor concerns following the Federal Reserve’s latest meeting. US central bankers held interest rates steady at 3.50%–3.75% and indicated that cuts are unlikely anytime soon. This “higher-for-longer” stance makes yield-bearing assets more attractive and puts pressure on speculative investments like Bitcoin, as per a report.

Bitcoin Price USD: Massive Liquidations Shake BTC and Crypto Futures Market

The decline triggered a wave of forced liquidations. Data cited by AD Hoc News showed that between $740 million and $800 million in leveraged trading positions were closed within a single day, with long positions making up most of the losses. Overall, $822.4 million in futures positions were wiped out, including $696.8 million in longs and $313.7 million in positions betting on Bitcoin’s price rising, as per DL News.


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Mirrors Crypto Market Decline Mirrors Nasdaq as Tech Stocks Drop Today

The crypto market’s slump mirrored traditional equity markets. The Nasdaq dropped roughly 2%, with Microsoft shares down 12%, underlining Bitcoin’s continued correlation with risk assets.

Timot Lamarre, director of market research at Unchained, said that “Regardless of the fact that many in the Bitcoin space see Bitcoin as the world’s hardest money and stack Bitcoin regardless of price, the vast majority of the market still sees Bitcoin as a tech trade,” as quoted by DL News.

Gold Price Surges Above $5,600 as Investors Seek Safe-Haven Assets

In contrast, gold soared above $5,6000 per ounce, highlighting its role as a safe-haven amid market turbulence.

The CoinDCX Research Team told The Economic Times, "The overall market sentiments have slightly dropped into fear," adding, "Gold continues to mark new highs which has negatively impacted the crypto markets as the liquidity appears to have rotated into traditional asset."

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Regulatory Uncertainty Adds Pressure on Bitcoin USD Price

Regulatory developments added to market uncertainty. The Senate Agriculture Committee narrowly voted 12-11 to advance the “Digital Commodity Intermediaries Act,” which would give the CFTC direct oversight over digital commodities like Bitcoin, as per an AD Hoc News report. Democrats opposed the bill over concerns about consumer protections. Additionally, the SEC and CFTC launched “Project Crypto” to create a more unified regulatory framework for digital assets.

Institutional Activity Shows Mixed Signals in Bitcoin Investments

Institutional activity showed mixed signals. Sygnum Bank raised $65 million for its BTC Alpha Fund, while Metaplanet secured $137 million for Bitcoin purchases. Conversely, US spot Bitcoin ETFs experienced outflows of $140 million to $160 million.

Will Bitcoin Price Reach $80,000 Next

Market watchers are now focused on the $84,000 support level. A break below this could open the way for Bitcoin to test $80,000. Investors are also keeping an eye on a February 2nd meeting between White House officials, banking representatives, and cryptocurrency lobbyists, which will address stalled digital asset legislation.

FAQs

Why did BTC USD drop today?
High interest rates and investor fear triggered a crypto sell-off.

Did other cryptos fall?
Yes. Ethereum, XRP, Solana, and other major tokens also declined.