Why did the btc price drop below $76,000 today?

Traders reacted to the Kevin Warsh Fed nomination, which raised rate and dollar expectations. That pushed risk-off selling across crypto. At the same time, stalled U.S. crypto bills added policy uncertainty. Options activity and softer funding showed caution. Together, these factors pressured the btc price and liquidity around round numbers.

How should Canadian investors get exposure during volatility?

Consider TSX-listed Bitcoin ETFs in RRSP or TFSA for CAD settlement and simpler tax reporting. Use limit orders, avoid market orders in thin books, and check premiums or discounts to NAV. If using spot platforms, account for CAD conversion costs. Size smaller, stage entries, and let the btc price confirm strength first.

Is this a buy-the-dip or wait-for-confirmation moment?

Both can work, but waiting for confirmation lowers error risk. Look for a sustained reclaim above key levels with rising participation. If you scale in, space entries and predefine stops. Keep dry powder for deeper pullbacks. Let the btc price align with your plan and timeframe before increasing position size.

What levels and catalysts should I watch this week?

Watch $76,000 as a near-term pivot, mid-70,000s as support, and 70,000 as a psychological line. Catalysts include Warsh-related commentary, U.S. macro data, and updates on crypto regulation uncertainty. In Canada, Bank of Canada signals and jobs numbers can sway CAD and liquidity. Adjust plans if the btc price fails to reclaim levels.

Global Market Insights

BTCUSD Today: February 03 Bitcoin Falls Under $76K on Warsh Fed Shock

ByHuzaifa Zahoor February 4, 2026February 4, 2026

The btc price fell back under $76,000 as traders reacted to Donald Trump’s nomination of Kevin Warsh for Fed chair. The move sparked risk-off selling across digital assets while stalled U.S. crypto bills kept crypto regulation uncertainty in focus. Options and flow data flashed caution, and liquidity looked thinner into the U.S. session. For Canadians, spreads, CAD conversion, and ETF execution on the TSX matter. We track BTCUSD and outline practical steps to manage volatility this week.