The post Bitcoin Crashes to $60K as Sentiment Hits 2022 Lows appeared on BitcoinEthereumNews.com.

Crypto market sentiment has slumped to its lowest level in over three and a half years, with Bitcoin falling by double-digit percentage points to around $60,000. The Crypto Fear & Greed Index fell to a score of 9 out of 100 on Friday, indicating “extreme fear” in the market and hitting its lowest point since June 2022, when sentiment and the market fell in the wake of the collapse of the Terra blockchain a month earlier. The index has been at a low for the last fortnight as Bitcoin (BTC) has tanked 38% from its 2026 high of $97,000 in just three weeks, wiping out all gains for the past sixteen months.  The Crypto Fear & Greed Index hit a score of 9 out of 100 on Friday as Bitcoin continued to slide. Source: Alternative.me Bitcoin falls to $60,000 on Coinbase  Bitcoin fell to its lowest level since October 2024 at a little over $60,000 on Coinbase in early trading on Friday morning, according to TradingView. It is currently trading at just over $64,000 after dumping 13% over the past 24 hours and losing over $10,000 in its largest daily loss since mid-2022. Related: Coinbase premium hits yearly low, hinting at institutional selling Bitcoin has now collapsed below the 200-week exponential moving average, a long-term trend indicator, which has only previously happened in the depths of a bear market. It is currently 50% down from its all-time high of $126,000 in early October.  Over the past 24 hours, more than 588,000 traders were liquidated for $2.7 billion, 85% of them were leveraged longs predominantly in Bitcoin, according to CoinGlass. BTC falls below 200w EMA to bear market lows. Source: TradingView Tech stock slump and Fed caution behind the crash Jeff Ko, chief analyst at CoinEx Research, told Cointelegraph that Bitcoin’s…

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Filed under: News - @ February 6, 2026 10:27 pm