Why did the bitcoin price fall below $76,000 today?

A stronger dollar after reports of Kevin Warsh’s selection to lead the Federal Reserve tightened financial conditions and weighed on risk assets. Liquidity thinned, stops triggered below $80,000, and momentum sellers pressed prices through $76,000 before buyers stepped in. Cross-asset weakness and uncertainty about the coming policy stance added to the downside pressure.

How does a strong dollar affect the bitcoin price for euro-based investors?

A stronger USD typically weighs on dollar-quoted assets like BTC. For euro investors, the USD rise partly offsets local losses because BTC-EUR reflects both BTC moves and EURUSD. If BTC falls while USD rises, the EUR-denominated drop is smaller than the USD move. Always check your broker’s live EUR conversion when assessing performance.

What are the key technical levels to watch now?

Near-term support sits around the intraday low near $75,644, with resistance first in the low-to-mid $80,000s. The 50-day average near $89,814 and 200-day near $104,526 cap the medium-term trend. A sustained reclaim of the lower Bollinger band near $84,209 would signal stabilization and open room toward the 50-day.

How did the ethereum price move during the selloff?

Ether dropped alongside BTC, with German media noting steep declines of roughly double digits intraday. Correlation across majors rose as liquidity thinned and stops triggered. Watch whether ETH stabilizes with improving breadth and funding. Continued weakness in ETH would signal broader risk-off conditions and could cap BTC rebound attempts.

Global Market Insights

BTCUSD Today: February 02 Slide Below $76K as Dollar Surges on Warsh Pick

ByDanny Kontos February 2, 2026February 2, 2026

The bitcoin price slid below $76,000 today, extending year-to-date losses past 10% as a strong dollar followed reports of Kevin Warsh’s selection to lead the Federal Reserve. Risk assets retreated and crypto saw stop-loss selling. For euro-based investors, USD moves also shape returns. We track BTCUSD levels, the policy backdrop, and what the pullback could mean for positioning in Germany. We also compare shifts in ethereum price to gauge cross-crypto sentiment.