• Ethereum crashes below 200.00 psychological support as crypto rout continues
  • Some analysts are attributing the fall to the IRS deadline which is less thank a week away

Ethereum sell off

 

The IRS sent out letters to cryptocurrency investors on 16th July saying that stating that they must file thier profits withing 30 days. Although this may not be the only reason for the sell-off some financial outlets are noting that traders may have to cash profits to get ready for the impending deadline. Elsewhere, most of the other major coins have also been affected with BTC/USD stopping exactly on the 10,000 mark. LTC/USD has also printed just below the major support level of 76.63, it is now left to the Asian markets to see if we can find support. 

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