I could not understand what is happening, from price correction to this mighty price dump. Bitcoin bellow $3500, ethereum $235, litecoin now $48 and ripple fall below $0.19. I think Chinese government and traders are really dealing with altcoins and bitcoin hard now.
Yes, right now there is completely downfall because after the Chinese government announced to ban Bitcoin exchanges. Nobody doesn't know why they took a strong decision in Banning the exchanges and now it is affecting other altcoin and with Bitcoin also.