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Bitcoin has continued its brutal selloff this week, reaching another 2026 low at $60,000 after losing the $70,000 support yesterday. The total crypto market cap now rests at $2.25 trillion, dropping 7.25% over 24 hours and signalling broader market volatility. Ethereum trades at $1,900, down 10.5%, and Solana has plunged 11.7% to $81.
Over $1.1 billion in liquidations occurred, battering many crypto long positions, while the Fear and Greed Index fell to 5, the lowest “extreme fear” level seen in the past two years. Sentiment may turn quickly, though. Traders are seeing cryptocurrencies entering highly oversold territory, suggesting a possible recovery.
Investors eyeing a possible re-entry point in the market are considering diversifying their portfolios beyond BTC as a way to strengthen their strategies. One project that’s drawing attention among analysts is Bitcoin Hyper (HYPER), which is currently in its presale phase and has raised over $31.2 million. With such strong early performance, the crypto is appearing on many investors’ radars as a high-risk, high-reward investment.
Crypto Market Endures Major Pullback as Bitcoin Drops 14% in a Day
Yesterday, Bitcoin logged its largest single-day decline since November 2022, sliding from $73,168 to $62,254. The downtrend continued this morning, with BTC falling to $60,000 before slightly rebounding to $65,900.
The altcoin sector has also come under fire, with Ethereum breaking below the $2,000 support zone, while XRP fell 19.67% yesterday to $1.13 after $46 million in liquidations. Experts argue that crypto prices are following historical patterns, with the recent bull cycle top hitting in Q4 last year.
So this time wasn't different, the 4 year cycle remains king and $BTC topped in Q4, 4 years after the prior top.
I can only assume then that this bear market will play out similar to the prior ones and BTC will eventually make it's way towards the 79% fib.
Last cycle I… pic.twitter.com/CRnlhUKaIV
— Mayne (@Tradermayne) February 6, 2026
The analyst Trader Mayne believes that Bitcoin’s four-year pattern remains intact, arguing that the current bear market will “play out similar to the prior ones.” Along with other investors, he claims that BTC is approaching its fair value, with past metrics suggesting $60,000 as a potential floor – backed by the 200-week moving average around $58,000.
As traders prepare to open long-term positions on Bitcoin, smart money is spreading investments across various cryptocurrency assets. Bitcoin Hyper offers indirect exposure to BTC, but also acts as a diversification play into Layer 2 (L2) technology and DeFi.
How Bitcoin Hyper’s Layer 2 Technology Works
Bitcoin Hyper is a Layer 2 platform built on Bitcoin, addressing BTC’s limited throughput and high network costs. To enable faster and more cost-efficient Bitcoin transactions, the L2 houses a Solana Virtual Machine (SVM) environment – which also supports Web3 interactions like swaps, staking, and lending.
Participants transfer BTC via a secure, decentralized bridge, minting wrapped Bitcoin for use in DeFi trades, loans, or rewards. Periodically, the Bitcoin Hyper L2 settles transactions back into the BTC main chain, ensuring security remains anchored to Bitcoin’s foundation.
The HYPER presale has been active since May 2025, and the team plans on launching the token in a few months. Interested investors can purchase the Bitcoin Hyper native token using ETH, SOL, BNB, USDC, USDT, or credit card payments for easy access. Furthermore, the project has completed smart contract audits from Coinsult and SpyWolf – which found no critical issues.
The YouTube influencer 2Bit Crypto shared a review video on Bitcoin Hyper yesterday, stressing Bitcoin Hyper’s $31.2 million presale performance with 1.4 billion tokens locked via staking – calling it a strong play for Bitcoin’s growth. Presale participants are anticipating more key project developments, including the Q1 mainnet deployment, bridge activation, and launch of the decentralized governance mechanism.
Join the HYPER Presale With $31.2 Million Raised and 37% APY
HYPER tokens sell for $0.0136752 during the presale, providing low-cost access before the token launches on exchanges and gets a boost in liquidity. So far, the project has raised over $31.28 million, pushing toward its $31.7 million near-term target. Those who buy HYPER now can also stake their holdings to earn 37% APY staking rewards, with payouts dropping as the staking pool grows.
With the market’s current dip, investors can add HYPER as a diversification play into the L2 sector as well as a BTC-tied investment. If Bitcoin recovers and institutions demand faster and cheaper BTC transactions, Bitcoin Hyper will be ready to meet this need. Additionally, the project’s fixed supply of 21 billion tokens is designed to help HYPER hold its value amid volatility.
