It is that time again when Bitcoin holders take profit, they sell and so the price goes down. The price of altcoins are always correlated to Bitcoin unless a particular coin is presently being "pumped" by some "whales" or just a group of people. The market, despite it's collective value is thin enough to be affected by outside forces whether it may be a bad news or a good news, it will react.
I see the volatility and fluctuations to be an excellent playing field for trading as it gives everyone with a will to accept the risks and rewards in this kind of business unlike in FOREX where you need a lot of money in order for you to earn some substantial amount, not to mention the complications that you have to undergo in order to get the job done.
As for the cryptocurrrency trading, it's just so simple to do. And with this kind of free market force, almost anyone can do better with it with the right self-education about it too. Yes it is a bloodbath day, I had done my shopping.