Bitcoin price BTC USD today: Bitcoin is showing signs of resilience after last weekend’s sharp selloff, with prices stabilizing as traders weigh movements in the US dollar, Federal Reserve leadership changes, and regulatory developments. On Tuesday, Bitcoin price was near $78,000, while Ethereum and XRP edged a little lower, at the time of writing.
Bitcoin price USD today holds near $78,000 after sharp BTC USD weekend selloff
The world’s largest cryptocurrency steadied after tumbling below $75,000 over the weekend, marking its lowest level since April 2025.
Kevin Warsh Fed chair nomination sparks volatility in crypto market
The decline followed US president Donald Trump’s nomination of Kevin Warsh as the next Federal Reserve chair, which unsettled investors concerned about a potentially hawkish monetary policy stance.
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US dollar movement continues to dictate Bitcoin’s short-term direction
Those concerns strengthened the US dollar and increased the opportunity cost of holding dollar-denominated assets such as Bitcoin. However, the dollar eased slightly on Tuesday, with the DXY index slipping 0.1%, providing some relief to Bitcoin prices, as per a Barron’s report.
Trump administration’s crypto regulation talks lift market sentiment
Sentiment also found support from political engagement with the crypto sector. On Monday, Trump administration officials met with cryptocurrency industry leaders to push forward discussions on regulating digital asset markets. Although the proposed Digital Asset Market Clarity Act remains stalled, the meetings appeared to lift confidence across the market.
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BTC USD price outlook: Key Bitcoin resistance seen near $79,500–$80,000 levels
From a technical perspective, Bitcoin has attracted buying interest near the $75,000–$75,500 range, helping prices recover toward $79,000 before facing renewed selling pressure, CoinSwitch Markets Desk told The Economic Times. The cryptocurrency is now consolidating in the $78,000–$78,500 zone, indicating a pause following the rebound. CoinSwitch Markets Desk pointed out that the resistance remains near $79,500–$80,000, while buyers are expected to defend levels closer to $75,000.
Chris Weston, head of research at Pepperstone, said, “We’ve seen improved buy orders emerge in Bitcoin on the move into the April 2025 lows,” adding, “With technical support helping price rebound toward 78k. Buyers are now looking for a break above $79,328, the weekend high, and a close back above $80k,” as quoted by Barron’s.
Altcoins mixed as Hyperliquid jumps 20% amid cautious sentiment
Elsewhere in the market, several cryptocurrencies posted strong daily gains despite the cautious mood. Hyperliquid surged more than 20%, Stacks climbed 18.5%, Memecore and Morpho rose over 14% each, and Kaia advanced 13%, as per data provided by the CoinDCX Research Team. In contrast, Monero fell 5.32%, Zcash declined 4.44%, Pump.fun dropped 3.39%, and Story slipped 2.05%.
Crypto market sentiment remains in fear despite price rebound
The CoinDCX Research Team told The Economic Times, “Despite the relief, the crypto market sentiments remain under fear, hinting that the market participants remain pessimistic.”
Institutional crypto buying continues with MicroStrategy and Binance purchases
Institutional activity remained in focus, with MicroStrategy adding 855 BTC worth $75.3 million between January 26 and February 1, lifting its total Bitcoin holdings to 713,502 BTC. Binance also bought $100 million worth of Bitcoin for its SAFU fund, while Tom Lee’s BitMine acquired 41,788 ETH.
Additional developments included Ethereum’s validator queue surpassing 4 million ETH, with wait times exceeding 70 days and minimal exits, and Ripple receiving a full EU Electronic Money Institution license in Luxembourg, according to CoinDCX Research Team. Hyperliquid’s upcoming HIP-4 upgrade is expected to introduce prediction markets and option-like instruments without leverage or liquidations.
FAQs
Why is Bitcoin stabilizing near $78,000 now?
Buying interest emerged near the $75,000–$75,500 range, while a slight dip in the US dollar offered relief.
How is the US dollar affecting Bitcoin’s price?
A stronger dollar increased the opportunity cost of holding Bitcoin, while a 0.1% drop in the DXY index helped support prices.