Why did the bitcoin price drop to a 15-month low today?

Selling accelerated as traders priced a more hawkish Fed path, which lifted real yields and pressured risk assets. Liquidity thinned during the move, so breaks ran faster. The BTCUSD pair printed a $75,644.15 low and closed near $78,648.00, down 6.94% on the day. Elevated volatility and wider spreads amplified the crypto market selloff.

What are the most important BTCUSD levels to watch now?

Immediate support sits at $75,644.15, then the $74,420.69 year low that marks the 15‑month trough. On rebounds, watch the Bollinger lower band at $84,208.69 and the middle band at $88,709.05. A stronger push could target $93,209.41. Losing support risks new lows, especially during thin liquidity outside London and New York hours.

How does this move affect UK investors specifically?

For UK traders, returns can shift with GBP moves and gilt yields. Stronger sterling and higher funding costs can weigh on risk appetite and crypto exposure. Wider exchange spreads also raise slippage. Consider alerts at key levels, staged orders around volatility bands, and careful position sizing so a single swing does not dominate portfolio risk.

Could the BTC price slide toward $38,000 as some warn?

Some banks warn of downside scenarios under tighter policy and weak risk appetite. That path would likely require breaks of key supports and sustained distribution. Current models show monthly $92,791.0 and yearly $95,894.00364668302 references, not guarantees. Treat scenario levels like signposts, not targets, and update plans as liquidity and momentum signals change.

Global Market Insights

BTCUSD Today, February 06: 15-Month Low as $200B Rout Deepens

ByDanny Kontos February 6, 2026February 6, 2026

The bitcoin price slid to a fresh 15‑month low today as a $200bn crypto market selloff gathered pace. The BTCUSD pair traded as low as $75,644.15 before stabilising near $78,648.00, down 6.94% on the day. A tech-led risk-off tone and talk of a more hawkish Fed kept pressure on risk assets. For UK investors, tighter financial conditions and sterling swings matter for returns. We break down levels, signals, and scenarios so you can track the BTC price with clear, current data.