Another sea of red in cryptomarket! Why?

Hello guys,

As you have probably noticed by now the cryptomarket is falling with some coins having double-digit declines. I have been trying to see what is causing this dip by checking my twitter feeds since this morning but I do not see any good reasoning behind this fairly steep decline. The overall market lost some 10 billion USD since last night. Is this just a regular correction or somebody has some inside information and selling off large amounts of bitcoins and dragging the rest with it? Or is this a Chinese uncertainty about a possible closure of mining operations in China that would cause a big sell-off in the future? It seems like it is anybody's guess right now but if you know more than I than it would be great if you share with the rest of us:).... In the long run, I am very positive and bullish for the crypto with short-term dips being great to add on some positions for those who dare and have cash handy. Have a great night steeming.