Crypto Market Round-Up

Typically, cryptocurrencies are termed as digital currencies and use blockchain technology to record every transaction. Hyperliquid (HYPE) is a Layer-1 blockchain–based decentralized exchange built for high-performance trading and deep liquidity. It offers advanced tools such as spot trading, margin, and perpetual derivatives—while remaining fully decentralized and eliminating intermediaries. HYPE has a market capitalization of ~USD 7.98 billion (as per TradingView as of February 12, 2026).

For the week ended January 30, 2026, the S&P Cryptocurrency Broad Digital Market (BDM) Index delivered a weak performance, falling 818.33 points (-17.53%) to close at 3,848.99. The index opened the week on a negative footing and sustained its downward momentum throughout the period. As trading resumed on February 09, bearish pressure persisted amid a broadly weak cryptocurrency backdrop. Major digital assets, including Bitcoin and Ethereum, recorded notable declines, reinforcing negative sentiment. The combination of falling prices and subdued investor confidence continued to weigh on the digital asset market, underscoring elevated volatility and a cautious stance among participants.

Having understood the S&P Cryptocurrency BDM Index movement over the last week and the scenario for the upcoming week, one crypto that seems ‘Bearish’ at the current level appears to be Hyperliquid (HYPE) Perpetual Futures based on the below technical parameters: -

Past performance is not a reliable indicator of future performance.