The Chinese traders are dumping bitcoin and others cryptocurrencies hard and that is why the market is currently in red.  Since yesterday till now cryptocurrencies market has lost over $40 billion and this should be a cause for concern for some of us that love Cryptocoins.  I think the current fall in price was not expected and many people were speculating that the next price directions after the breakouts is going to be a bullish trend only for us to began seeing this huge dumped.