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.
The fall in altcoin prices because bitcoin prices are falling, you can see how the chart movement in the market, Altcoin prices always follow bitcoin price movements, if bitcoin price goes up, then the altcoin price also goes up, and vice versa. Be assured, after the correction occurs, the altcoin price will improve again, this is the perfect time to build your portfolio, prepare your goods before the ship sails.