The rout has continued into the weekend as crypto markets plummeted to another low for the year. Another $20 billion has been dropped from markets as they slid below $210 billion for the first time in nine months.
Bitcoin failed to hold support at $6,400 and has dropped 4.7% on the day to $6,150. If the bears do not release their stranglehold it could easily fall below $6k and into dangerous territory. This is bad news for Ethereum which is at its lowest point for a year, down 11.4% to $320.