Bitcoin price today, Feb. 1 -- The world's largest cryptocurrency has slipped below the $80,000 level on 1 February, trading at $78,566.83, down 6.55% over the past 24 hours, according to data on CoinMarketCap.

At time of writing, Bitcoin's market capitalisation was down 6.6% to $1.56 trillion, with trading volumes over the past 24 hours up by 2.2% to $71.78 billion, the data further showed. This is the lowest the token has been since 21 November.

Bitcoin continued its bearish trend, down 6.09%, underperforming the broader crypto market's 5.89% drop. Over the past seven days, BTC has slipped 11.6% amid $770 million liquidations forced selloffs, key support breaks and market sentiment of extreme fear (18/100), which fueled risk aversion....