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Bitcoin has dropped to just over $77,000 after a sharp weekend slide, continuing a market-wide crash that began on January 15 and has seen BTC achieve only five green daily candles in the last 18 days. This drop (originally from the $97,900 mark) wiped out all of BTC’s gains from the year so far, and sent it to lows not previously seen since April 2025. The total crypto market cap has fallen to $2.61 trillion, while BTC ETFs saw a total of $1.61 billion in net outflows during January.
Given the above, market sentiment is understandably souring – although the sheer scale and speed of Bitcoin’s decline indicates that an equally sudden recovery could be on the table. However, leverage positions are still getting flushed out due to thin liquidity, further amplifying the pressure on crypto prices across the board.
Presales are holding on despite the wider market’s challenges, as they provide an opportunity for investors to park their funds in pre-launch tokens that will not be affected by live-trading volatility until they debut on exchanges. Demand for the Bitcoin Hyper (HYPER) presale in particular has held up well, with the sale having raised over $31 million and the project’s Bitcoin Layer 2 mainnet launch still scheduled for later in Q1, indicating that HYPER could be the best crypto to buy during the dip.
Fear Grips Crypto Market Following Trump’s Fed Chair Nomination
President Donald Trump has nominated Kevin Warsh to lead the Federal Reserve – a move that has rattled markets and sparked a selloff across risk assets like bitcoin. Crypto industry insiders have expressed mixed views about Warsh, a former Fed governor who has praised Bitcoin as cutting-edge software but also stressed the importance of disciplined monetary policy. This indicates that even if the Fed acquiesces to Trump’s demands for near-term US interest rate cuts, the positive impact of those cuts could be offset by other considerations like quantitative tightening or future interest rate increases, which traders see as hawkish and potentially curbing “easy money” flows.
As a result, BTC tumbled as low as $74,544 over the weekend, hitting nine-month lows as over $500 million in long positions were liquidated in a single 24-hour period. Equity volatility also spiked alongside a stronger dollar, underscoring how quickly macro shifts can influence the perceived value of digital assets. The analyst Crypto Gerla on X noted Bitcoin clinging to “final support” at $70,000, arguing a bounce from there could open the door to a much-needed relief rally.
$BTC at its final support.
If it holds here, relief rally is on the table. pic.twitter.com/T4f8AMLxTq
— Gerla (@CryptoGerla) February 2, 2026
New ETF inflow reports this week will give a clearer picture of Wall Street’s response to the current situation, while on-chain data indicates whales scooping up dips while retail is either panic-selling or avoiding new purchases. With the TradFi earnings season continuing and new central bank meetings ahead, volatility is expected to linger – pushing forward-thinking investors toward presales like Bitcoin Hyper (HYPER), which offers the prospect of investing in a project with real-world utility and a pre-launch crypto token.
Bitcoin Hyper Presale Builds New Layer 2 for BTC
While the original Bitcoin blockchain still has a reputation for being slow, costly, and inflexible, Bitcoin Hyper is working to introduce a fresh approach. It plans to become the “fastest ever Bitcoin Layer 2 chain,” integrates the Solana Virtual Machine to provide quick smart contracts, and lets users bridge BTC trustlessly via a non-custodial “Canonical Bridge.” Once on the Layer 2, holders will be able to access DeFi tools like lending, token swaps, and staking protocols, all anchored to Bitcoin’s security through periodic state commitments and zero-knowledge proofs.
Bitcoin Hyper’s core setup supports high throughput with near-instant finality, making it suitable for payments, gaming dApps, and tokenized assets. Its tokenomics plan caps the HYPER supply at 21 billion, with allocations covering development, marketing, and rewards to fuel growth. A recent YouTube review by 2Bit Crypto called Bitcoin Hyper “a huge presale Layer 2,” highlighting its forthcoming mainnet launch and token debuts.
By mid-2026, the Bitcoin Hyper project is expected to have launched its mainnet, released new developer tools to build creative dApps, activated its Canonical Bridge, and expanded to a full DAO governance system. If these stages are all executed effectively, they will position Bitcoin Hyper to capture a large portion of BTC’s value as the new L2 evolves.
Bitcoin Hyper Presale Set for 100x Upside?
During the latest presale stage, HYPER tokens are priced at $0.013675. Over $31 million has been raised so far, and staking yields are set at 38% APY – drawing in early stakers and nearly 1.4 billion tokens. This is particularly impressive considering the state of the market since mid-January, and underscores HYPER’s ability to appeal to serious investors focused on Web3 fundamentals rather than real-time price action.
HYPER itself will be the L2’s native token (required for governance, gas fee payments, and staking), and the project’s ability to enable DeFi access for BTC holders could multiply HYPER’s value by up to 100x, making it the best crypto to buy according to analysts like Borch Crypto. With a clear path to decentralization and partnerships, Bitcoin Hyper carries substantial bullish potential to outperform established coins – even Bitcoin, which would only provide approximately 68% gains if it returns to its previous all-time high.
