Bitcoin Price Drop Deepens As Fed Shift Rattles Markets
February 1, 2026
2:08 am
Bitcoin fell sharply on Saturday, extending a broad selloff that has unsettled cryptocurrency markets as investors reacted to growing concerns about tighter US financial conditions following a change in Federal Reserve leadership.
The world’s largest cryptocurrency slid more than 6 percent to about $78,720 by early afternoon in New York, according to market data. Prices later dipped below $76,000 during thin weekend trading, pushing bitcoin toward levels last seen in late 2024.
The move marked one of the steepest short term declines this year and reinforced fears that the market is entering a more difficult phase after months of fading …
