in my opinion this is purely because of all the FUD that is going on against bitcoin these days, including this FUD about Binance hack and the panic that it is creating. like the FUD regarding a whales dumping $400 million worth of bitcoin on the market to cause the crash which is a total bullshit.
and we all know when bitcoin drops, altcoins drop too even bigger.
Are all those News fake? Its crazy to make us panic though i am not panic but i also get impact with this situation.
I also heard about whales sell worth $400 million in bitcoin its so big fud and of course easy believer people will be panic.