ETH dump, apparently. it's diving down like crazee for the past few days. since feb 15 the price went down for about 50% and market cap down by $180M (35%).
How will dumping ETH help the bitcoin price? It is not like people are buying more bitcoin after dumping bitcoin, they are actually holding the bitcoins then.
In my view it would be more logical if the bitcoin price dropped due to people cashing out their ETH profits for fiat.
Guess the market is just recovering from the Hearn news and is now headed back in the orignial direction, which is over 500.