Cryptocurrencies took a beating overnight with the selloff attributed to a break of 9000 and the launch of the Bakkt Platform (offering physically settled Bitcoin futures
which settle to cash). The 9000 support zone
break had a lot to do with the spike lower as buyers stop levels were targeted. Watch now for either bulls to come under further pressure as the stop run cleared the way for a move down to 7444 or for price to bounce and hold the 9050 zone and engineer a rally. We will see in coming days as the price action builds and hints at a coming move.