Hey, I made a similar post where someone could explain it pretty well.
Segwit2x suspension / cancellation is driving people/traders/miners who really do want a larger blocksize and lower fees
towards Bitcoin Cash (which has 8mb blocksize and lower fees).
I think some cash will also flow to Dash now, which will soon have 2mb blocksize and pretty much the lowest fees of them all.
This is a battle of value of store (Bitcoin) versus value of usability (Bitcoin Cash / Dash)
I think it's also now a big pump and dump, because Bitcoin Cash already had a lot of them (always between 300-600$). I'm really unsure whether this is the right time to buy, because most people now tripled their money and will probably cash out soon to buy free bitcoins when it's rising again