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Any observations regarding why the overall market is down?

It's the middle of July. People are on vacations and traders are cautious when the market volume drops like this. This trend is likely to continue for at least a week, if not two, until the events of August start kicking in to jump start the market. Be patient and HODL!

Good point. What events are you referring to?

SegWit for Bitcoin (BIP 141/148), Stratis update (Breeze wallet), GameCredits official India launch, Waves ICO's, NXT IGNIS ICO, Akasha ICO (maybe), several ICO coins hitting the market, and so much more... August will be a big month for crypto.

Coin Marketplace

STEEM 0.18
TRX 0.16
JST 0.029
BTC 62164.65
ETH 2439.44
USDT 1.00
SBD 2.67