The Chinese government banned ICOs. Naturally as a result, alt coins started dropping. People are fearful they won't be able to get their money out with the government cracking down.
For the next couple of days I think it will blow over and go back up, but only time will tell.
this may be the beginning of the end of cryptocurrency? because i think that other governments can take this as an example with all this repercussions...and let's be honest ... wich powerful government does not want to have full control over money?
Seriously? The beginning of the end of cryptocurrency just because of a decision made by a country on ICOs? Guess you are just kidding. Wonder why people bother too much about rise and fall of all digital currencies at the same time, it is not new. Anything can cause it just like a normal forex market. The high volatility level is just the difference between the two.