Looking at the prices of my coins today, I can see that almost all of them are red, as you can see from the picture below. Only DigixDAO had gains in the last 24 hours. However, this is the trend I have noticed with DigixDAO, that when every other altcoin is getting killed, DigixDAO gains since it is backed by gold.
Even during the last hour, all altcoins have lost their value relative to Bitcoin except Ethereum.
Now, what is causing this sudden fall in prices. Well, I didn't hear any special news besides that recently one anonymous trader bought $400 millions worth of Bitcoin [1]. This could have perhaps artificially boosted up the Bitcoin price, and therefore now we could just be seeing a correction.
What do you guys think could be the reason for the fall in prices? Do you also think that this is a bear trap? I would love to read your opinions.
References
[1].https://www.investopedia.com/news/anonymous-cryptocurrency-enthusiast-bought-400-million-bitcoin/