The market is facing some stress, especially with the spotlight as heavy focussed on bitcoin as lately
 (and a big chunk of the market just chasing the latest fad)

The market is not dead though; on the day of the segwitx news, the markets immediately jumped 20%.
This wouldn't happen if people didn't see the altcoins as a viable investment.

I'm even convinced that some of the bigger altcoins could actually become big winners in this drama.