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.
The price already back to the above 3500 for each bitcoin but that wasn't mean the price will be stable in above 3500 or even 4000 again. The chinese news gets a lot of impact to the market and that makes the market feeling stressed due to the a lot of chinese exchange site are closing their service.