We have been waiting for some movement on crypto markets and it has finally arrived. Unfortunately in the wrong direction, however, and another dump has seen $6 billion shaved off cryptocurrencies as they plummet back towards $200 billion total capitalization.
Bitcoin finally broke down and could not hold its support level resulting in a $150, or 2.4%, dive down to $6,340. The longer term consolidating channel is still intact providing BTC stays above $6,000 which seems likely at the moment. Ethereum followed suit and has lost 3.8% on the day dropping to $197.