the red market is now natural because there are many ico that are often launched so that many investors are interested in the new ico and they invest in the altcoin so that the altcoins on the exchange have no development.
in my opinion not because of that, the market is now red because many negative things happen to Crypto, so many people sell koinya so the market goes down. coupled with the current situation many people are panicking to sell and it makes conditions worse.