Ether drops below $200, Bitcoin sell-off stalls

Ether prices fell below the $200 mark on Tuesday and hit a 40-day low of $175.56. The second most valuable crypto currency has given up about $17.5 billion since reaching the best-ever market capitalization of $36.7 billion on June 14, the data from coinmarketcap.com shows. 

ETH/USD currently trades marginally weaker around 187.50 levels. 

Meanwhile, the selling pressure in the Bitcoin appears to have run out of steam, given the Monday’s low of $2250 is offering strong support to the currency. 

The total market capitalization of the crypto currencies now stands at $80 billion as opposed to $115 billion seen in mid June.