As BTC is going down to some lower value so rest of the Altcoins are also going down with same rate.Today i Analyzed Coin marketcap and found that almost top 100 coins are falling down.Market is severe red.So i think this is another good change for potential investor to invest as more as one can.
Unfortunately all coins except a few like Tether are highly correlated to the price Bitcoin. The way that US authorities have chosen to regulate Bitcoin has made Bitcoin highly volatile. There may come a point in the future when the correlation between Bitcoin and the other cryptocurrencies breaks down and where the regulatory position of cryptocurrencies become more transperant. Until that time comes we can expect that the main driver of prices will continue to be perceived regulatory risk.