After China banned ICO sale....eth took a direct hit, as all ICO tokens were ETH contracts.
Waiting for the Russians move....
Market is on "panic sale" as initially most people did not know what was happening and how market cap dropped 20 billion.
The wave will pass, and coins will come back to the "before"price.
Except for ETH, unfortunately, because even if it is a strong coin, ICO tokens sale was the main usage for ETH at this moment.