Crypto markets licking wounds from a new yearly low; gains are marginal as all altcoins are still on the floor.
A few hours ago crypto markets dropped to their lowest levels since early August 2017. Market capitalization plummeted perilously towards $100 billion and hit a new 2018 low yet again. Things are bouncing off the bottom at the moment, but the outlook is grim.
Following its mid-week breakdown below $4,000, Bitcoin tumbled to a new yearly low of $3,280 a few hours ago before making a slight recovery. BTC market cap fell to below $60 billion, a 16 month low as all other cryptocurrencies were dragged into the digital abyss. At the time of writing BTC had recovered to $3,470.