Current year has been bit worst for crypto coins. Apart from values, we have ICOs in the market with best projects. So what happened is the investment spill over too many ICOs and thus bitcoin value remained below $6.5K . This is another reason for all altcoins values remain under a threshold. Hope we have more investors pitch in investing into bitcoin.
I think it was a general correction, although some money went into ICOs but not really much to have dragged the price down to the 6,500 $ level.ICO scams weakened investors trust anyway,so it is still a factor