Bad news with low volume always leads to price drops. Yesterday all crypto assets lost value breaking the nice uptrend from previous days. This is a clear example of how much it cost to send the price up and how little to send it down.
Bitcoin lost around $500, seemed to have a reversal at midnight but the price direction is still unclear as seen in the 1hr chart. RSI and Stochastic have reversed and volume increased which may be signs of the end of the drop.

EOS also had a reversal candle pattern at midnight but kept dropping afterward, now volume has increased quite a bit and RSI indicator seems to show the end of the drop too after price felt below $7.

STEEM price went all the way down to $1,25 and right now seems to have bounced up with a final nice bull candle developing and volume increase. All in all, we will have to see how the markets behave during the day and if the bulls can push prices up again.