Why did Bitcoin drop below $60,000 today?

A mix of rate jitters, a stronger dollar, and a rapid leverage unwind pushed prices lower. Longs were forced out, funding cooled, and basis compressed. That reset often follows crowded rallies. It is a positioning story, not a network failure, which is why hashrate remains firm despite the selloff.

Is the network at risk when price falls?

No. Price and security are separate. The Bitcoin hashrate remains near 1 Zetahash, indicating miners continue to secure the chain. Difficulty adjustments help keep block production stable. Price can swing fast, but protocol security depends on hashrate and miner participation, not intraday moves.

What levels matter after the selloff?

The round-number area near $60,000 is a key pivot for momentum. Strong closes back above breakdown points improve odds of stabilization. Watch intraday liquidity around whole numbers and respect volatility, with ATR near 3,252 points. Use predefined invalidation levels rather than chasing spikes during the reset.

How should German investors respond to this volatility?

Prioritize process over predictions. Use euro‑cost averaging, modest position sizes, and clear stops. Consider BTC‑EUR venues or Xetra‑listed ETPs with solid liquidity. Bitcoin price today can differ across pairs due to FX, so compare quotes and fees. Keep records and confirm tax treatment, especially the one‑year holding rule.

Global Market Insights

BTCUSD Today, February 06: Sub-$60K Flush, Leverage Unwinds; Hashrate Resilient

ByHuzaifa Zahoor February 6, 2026February 6, 2026

Bitcoin price today fell below $60,000 as BTCUSD saw a swift selloff tied to rate worries and a rapid leverage unwind. The move erased much of the post‑election rally, raising questions for German investors who track BTC‑EUR pairs. Despite the drop, network strength remains intact with hashrate near 1 Zetahash. We break down drivers, key levels, and the risk picture. Expect wider intraday ranges and quick reversals while markets assess macro signals and positioning resets.