Ethereum Falls to 16 Month Low as Cryptocurrencies Drop Again

Cryptocurrency traders and holders are getting a rude awakening this Monday morning as markets continue to drop.

Bitcoin has failed to maintain its $5,600 support and has dropped back down to $5,320 pulling all of the other altcoins down with it. With a plunge of over 10% on the day Ethereum has fallen back below $160, its lowest level since July 2017.

The slide started around six hours ago when ETH, which could now be renamed DETH, dropped through support at $175 and headed downwards,...

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