Crypto stocks slide in pre-market trading as bitcoin stabilizes around $77,000
Analysis
Price Impact
MedBitcoin is stabilizing around $77,000 with a slight 1% gain after a sharp weekend selloff. however, crypto-related stocks are still sliding in pre-market trading, and implied volatility is surging, indicating significant market uncertainty stemming from the federal reserve chair nominee news.
Trustworthiness
HighThe information comes from coindesk, a reputable and widely recognized source for crypto news and analysis, providing specific data points and market observations.
Price Direction
NeutralWhile bitcoin itself is showing stabilization and a minor rebound (up 1%), the broader crypto market, as reflected by related equities, is under pressure. high volatility and the lingering impact of the fed nominee news create a cautious environment where further directional moves are uncertain without new catalysts.
Time Effect
ShortThe initial sharp selloff occurred over the weekend, and the market is currently digesting this news in pre-market trading. high implied volatility suggests that significant price swings are expected in the immediate term as traders react to the ongoing uncertainty.
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Markets Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email Crypto stocks slide in pre-market trading as bitcoin stabilizes around $77,000 Bitcoin was little changed Monday as volatility spikes and crypto equities remained under pressure ahead of the U.S. market open. By James Van Straten | Edited by Sheldon Reback Feb 2, 2026, 10:30 a.m. Make us preferred on Google crypto stock slide in pre-market trading Joa70/Pixabay) What to know : Bitcoin rose 1% near $77,000 after the weekend's sharp selloff, with gains coinciding with a weakening in the U.S. dollar and a rise in implied volatility. Risk assets remained under pressure, with volatility measures surging and crypto-related equities including Strategy, Galaxy and Coinbase extending losses in pre-market trading. Crypto-related U.S. equities fell in pre-market trading as market participants continued to digest President Donald Trump's Friday choice of Kevin Warsh as his nominee for Federal Reserve chair, which spilled over into a sharp crypto selloff over the weekend. Strategy (MSTR), the largest publicly traded holder of bitcoin, fell more than 6%, while Galaxy Digital (GLXY) dropped over 7%. Bitcoin BTC $ 76,540.50 mining and AI-linked companies are also weaker, with IREN (IREN) and Cipher Mining (CIFR) both losing around 4%. Crypto exchange Coinbase (COIN) is also lower by roughly 4%. Volatility continues to rise, with the Volatility S&P 500 Index (VIX) up 10% on the day. The Volmex implied volatility index has surged over the past week, climbing from 40 to 50. Implied volatility reflects the market’s expectation of future price swings, with higher readings indicating that traders are pricing in greater uncertainty and larger moves ahead. STORY CONTINUES BELOW Don't miss another story. Subscribe to the Crypto Daybook Americas Newsletter today . See all newsletters Sign me up By signing up, you will receive emails about CoinDesk products and you agree to our terms & conditions and privacy policy . Bitcoin is up around 1% on the day, trading near $77,000 after dipping as low as $74,500 on Saturday. Precious metals remain under pressure, with gold falling 4% to $4,700 per ounce and silver also sliding 4% to $82 per ounce. Oil is weaker as well. West Texas Intermediate futures fell 5% to $62 a barrel. U.S. equity index futures, in contrast, recovered slightly, with Invesco QQQ ETF (QQQ), which tracks the Nasdaq 100 Index, down less than 1% in pre-market trading. The DXY index, which measures the strength of the dollar against a basket of major currencies, has pulled back slightly to 97. CoinDesk Research noted that bitcoin and the DXY showed a clear inverse relationship last week. Once again, bitcoin is ticking higher as the dollar eases. Bitcoin News Coinbase Strategy Galaxy In this article BTC BTC $ 76,540.50 ◢ 2.25 %