Till yesterday it felt like we are going through a repeat of 2017 but all of a sudden it's dropping down, what would have caused this dump? Is it related to drop in the value of Bitcoin or else some other reason like whales cashing out ? I feel it was a temporary correction which took place after altcoins went bullish especially XRP and XLM which gained over 100% in last one week.
I think it is because the bitcoin price is down, making the altcoin market follow down. Although not all altcoin is down, we still see some altcoin still exist and have a green candle at the market. It is only a temporary correction because after this week, the crypto market will be back to increase, and the price will have a chance to break another high price. XRP and XLM have a good time a few days ago because the price can increase higher, and maybe those coins will have more chances to rise higher.