The plunge in investor sentiment highlights the volatility and uncertainty in 
crypto markets, potentially impacting future adoption and regulation.
The post Crypto Fear and Greed Index sinks to 9 after $2.7B in leveraged 
erased appeared first on Crypto Briefing.

Crypto Fear and Greed Index sinks to 9 after $2.7B in leveraged erased

Ethereum price extended its decline below $2,000 and $1,950. ETH is now 
attempting to recover from $1,750 but faces many hurdles near $2,200. Ethereum 
failed to stay above $2,000 and started a fresh decline. The price is trading 
below $2,000 and the 100-hourly Simple Moving Average. There is a major 
bearish trend line forming with resistance at $2,200 on the hourly chart of 
ETH/USD (data feed via Kraken). The pair could start a fresh decline if it 
stays below the $2,200 zone. Ethereum Price Dips Over 15% Ethereum price 
failed to remain stable above $2,200 and extended losses, like Bitcoin. ETH 
price traded below $2,000 to enter a bearish zone. The bears even pushed the 
price below $1,880. A low was formed at $1,744 and the price is now attempting 
to recover. There was a move above $1,850. The price surpassed the 23.6% Fib 
retracement level of the downward move from the $2,341 swing high to the 
$1,744 low. Ethereum price is now trading below $2,000 and the 100-hourly 
Simple Moving Average. If the bulls remain in action above $1,800, the price 
could attempt another increase. Immediate resistance is seen near the $1,950 
level. The first key resistance is near the $2,050 level and the 50% Fib 
retracement level of the downward move from the $2,341 swing high to the 
$1,744 low. The next major resistance is near the $2,200 level. There is also 
a major bearish trend line forming with resistance at $2,200 on the hourly 
chart of ETH/USD. A clear move above the $2,200 resistance might send the 
price toward the $2,350 resistance. An upside break above the $2,350 region 
might call for more gains in the coming days. In the stated case, Ether could 
rise toward the $2,550 resistance zone or even $2,665 in the near term. More 
Losses In ETH? If Ethereum fails to clear the $2,050 resistance, it could 
start a fresh decline. Initial support on the downside is near the $1,850 
level. The first major support sits near the $1,800 zone. A clear move below 
the $1,800 support might push the price toward the $1,750 support. Any more 
losses might send the price toward the $1,720 region. The main support could 
be $1,680. Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining 
momentum in the bearish zone. Hourly RSI &#8211; The RSI for ETH/USD is now below 
the 50 zone. Major Support Level – $1,850 Major Resistance Level – $2,200

Ethereum Price Closes Sub-$2,000 Support As Crypto Rout Intensifies

Bitcoin plummeted to a low of around $60,000 after the Crypto Fear &amp; Greed 
Index hit its lowest score since mid-2022, when the Terra blockchain 
collapsed.

Crypto sentiment at lowest point since 2022 crash as Bitcoin tanks to $60K

A volatile trading session on February 5 offered a clear example of how 
quickly narratives can diverge in the crypto market. While most large-cap 
assets moved lower amid regulatory uncertainty and heavy liquidations, 
Hyperliquid’s HYPE has posted a 6.2% gain following news of its integration 
with Ripple’s ecosystem. Related Reading: Bitcoin Crash To $72,000 Signals 
Major Reset: On-Chain Metrics Deteriorate At the same time, XRP extended its 
decline by 10%, weighed down by broader market pressure rather than project- 
specific developments. The contrast underlined how selective optimism can 
emerge even during a broad sell-off, especially when tied to infrastructure 
upgrades or ecosystem expansion. HYPE&#8217;s price trends to the downside on the 
daily chart after recording some gains. Source: HYPEUSD on Tradingview HYPE 
Rallies After Ripple Integration Hyperliquid’s price moved higher, up 4.23%, 
after confirmation that the platform had integrated Ripple’s technology stack, 
a step aimed at improving interoperability and settlement efficiency. Market 
participants appeared to interpret the move as a practical enhancement rather 
than a speculative announcement, helping HYPE outperform a largely bearish 
market. The rally came despite worsening sentiment across the sector. Bitcoin 
traded near $71,000 after a sharp pullback, and total crypto market 
capitalization fell more than 6% on the day. Against that backdrop, HYPE’s 
gains stood out as traders rotated into assets linked to near-term network 
developments rather than macro-driven trades. While trading volumes in HYPE 
increased following the announcement, the move remained relatively contained, 
suggesting measured positioning rather than a surge of speculative leverage. 
XRP Slips as Market Weakness Dominates XRP, by contrast, declined alongside 
other major altcoins. The token fell close to 11% over 24 hours, tracking 
losses in Ethereum, Solana, and BNB as risk appetite faded. The drop occurred 
even as Ripple-related developments supported other parts of the ecosystem, 
underscoring how broader market conditions continue to outweigh individual 
catalysts for large-cap tokens. The sell-off was amplified by derivatives 
activity. Falling open interest and a rise in forced liquidations across 
centralized exchanges added to downside momentum, particularly for assets with 
high leverage exposure. XRP’s move appeared more sentiment-driven than 
fundamental, reflecting the day’s defensive tone. Broader Market Context 
Remains Fragile The divergence between HYPE and XRP played out as investors 
reacted to stalled discussions around a US crypto market structure bill and 
ongoing debates over stablecoin regulation. These issues contributed to a 
spike in volatility and more than $800 million in liquidations, mostly from 
long positions. Meanwhile, institutional positioning continued to shift. 
Grayscale’s recent decision to remove Cardano from its CoinDesk Crypto 5 ETF 
in favor of BNB reinforced the focus on liquidity and market depth, a theme 
that continues to shape capital flows. Related Reading: Are We Near A Bitcoin 
Bear Market Bottom? History Offers A Framework Hyperliquid’s rally indicates 
that targeted integrations continue to attract interest, despite weakness in 
the wider crypto market. Its durability, however, will depend on genuine 
adoption rather than sentiment alone. Cover image from ChatGPT, HYPEUSD chart 
on Tradingview

Hyperliquid’s HYPE Jumps 6.2% Post-Ripple Integration, as XRP Moves in the Opposite Direction

Bitcoin price extended its decline to $60,000. BTC is down over 10% and might 
struggle to recover easily above the $70,000 resistance. Bitcoin is attempting 
to recover but struggling to clear hurdles. The price is trading below $70,000 
and the 100 hourly simple moving average. There is a bearish trend line 
forming with resistance at $70,600 on the hourly chart of the BTC/USD pair 
(data feed from Kraken). The pair might dip again if it trades below the 
$62,500 and $61,200 levels. Bitcoin Price Dips Sharply Bitcoin price failed to 
remain stable above the $72,000 zone. BTC extended its decline below the 
$70,000 and $68,500 levels. The bears were able to push the price below 
$65,500. A low was formed at $60,500, and the price is now attempting to 
recover. There was a minor increase above the $62,000 and $63,200 levels. The 
price cleared the 23.6% Fib retracement level of the recent downward move from 
the $76,865 swing high to the $60,500 low. Bitcoin is now trading below 
$68,000 and the 100 hourly simple moving average. If the price remains stable 
above $62,000, it could attempt a fresh increase. Immediate resistance is near 
the $66,000 level. The first key resistance is near the $67,200 level. A close 
above the $67,200 resistance might send the price further higher. In the 
stated case, the price could rise and test the $68,500 resistance or the 50% 
Fib retracement level of the recent downward move from the $76,865 swing high 
to the $60,500 low. Any more gains might send the price toward the $70,500 
level. There is also a bearish trend line forming with resistance at $70,600 
on the hourly chart of the BTC/USD pair. The next barrier for the bulls could 
be $72,500 and $75,000. Another Decline In BTC? If Bitcoin fails to rise above 
the $68,500 resistance zone, it could start another decline. Immediate support 
is near the $63,200 level. The first major support is near the $62,500 level. 
The next support is now near the $61,200 zone. Any more losses might send the 
price toward the $60,500 support in the near term. The main support now sits 
at $60,000, below which BTC might struggle to recover in the near term. 
Technical indicators: Hourly MACD – The MACD is now gaining pace in the 
bearish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is 
now below the 50 level. Major Support Levels – $62,500, followed by $61,200. 
Major Resistance Levels – $67,200 and $68,500.

Cryptocurrency price in SAR