What is the reason of this drop? Any news i missed?
I think altcoin and Bitcoin are closely related. It can be seen that after a period of bitcoin increase quite fast and it needs to regain to be able to increase more. The market withdrew about $ 12 billion. A small reduction in altcoins is a natural thing. But there will be a decrease in the increase. The market will soon be vibrant again when altcoin prices are very low, the opportunity for many whales.