Bitcoin dipped lower than its one-year low to $5,533.09 BTC=BTSP on the Bitstamp platform. It was down 9 percent at $5,690.47. Analysts placed a price of $6,200 as the litmus test to see if buyers were waiting on the sidelines. The loss of value in the Bitcoin market spread to Ethereum and other cryptocurrencies which pushed the sector below $200 billion for the first time since September.