Crypto Market Continues Lower, ETH Falls Below $200, BTC at $6,15017.33

After days of sideways price action, on Saturday, traders awoke to a horrific sight, with the cryptocurrency market continuing lower due to a fresh bout of sell-side pressure across the board. So essentially, when optimists thought it couldn’t get worse, it did, and a whole lot worse at that. Within the span of a single hour, BTC fell from $6,420 to $6,140, as selling volume ramped up on a variety of exchanges.

As with other recent bearish movements, altcoins actually underperformed Bitcoin, with a majority of crypto assets posting losses of 6% or more, while Bitcoin sat at 4% down on the day.

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