Rally anticipations have been quashed once again as markets are dumping. Just when a glimmer of hope started to shine in crypto land, the bears come back out and defecate all over it. Total crypto market cap has shed $4 billion in the past four hours, dropping back to around $215 billion.
Bitcoin is currently holding its place with only a minor dip back below $6,500. It is currently trading at $6,480 but further losses may be imminent if the bearish pressure is sustained. As quick as it climbed over the past few days, Ethereum has fallen. ETH is currently down 2% back to $214 as it failed twice to break resistance at $220.