New Yearly Low Looms as Crypto Markets Are Crushed Again18.82

The weekend selloff has continued unabated and markets are dangerously close to another new low for 2018. Dropping below $200 billion again markets are in a bad way as nearly all cryptocurrencies are deep in the red this Sunday morning.

Bitcoin failed to hold support at $6,400 and has dropped below that crucial level once again. Dumping 4.3% on the day BTC is down to $6,220 and with strong bearish signals could fall even further and end up below $6k once again. Ethereum is dying a slow death and has been smashed another 12% on the day plunging to its lowest level since July 2017. ETH is currently trading at $190, it has not been under $200 for fourteen months.

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