I have not ever seen the whole market under red signals.
Bitcoin now $8049,
Ethereum now $816. Its probably going low.
Is there any chance to go it under $600?
If its gone, then it will crash a lot as from my thinking.
altcoin price movements will depend heavily on bitcoin price movements and if the ethereum will have a price drop of $ 500 this is certainly the impact of the decline in bitcoin prices. and I think if the ethereum is going to drop to the $ 500 level I think it's the right time to buy ethereum and hold for a long time.
Each and every altcoin is interconnected to bitcoin. Because during the recent price fall it is clear that each and every altcoin was marked red. Very few used to show signs of growth which is pure manipulation. So, if ethereum falls low probably bitcoin too will be in decline. Hope such a fall should not happen anymore.