Seems like Goldman Sachs' prediction was correct; I would even go as far as to say there seems to be some market manipulation going on, because this is the second time Goldman Sachs called it very accurately. It wouldn't surprise me if institutions and banks like GS are dumping huge sums and pulling them out to manipulate the market. On the other hand, the BTC update on August 1st (by Bitcoin Core developers -- BIP 148) is probably giving people a scare because a lot of uncertainty surrounds BTC as the likelihood of a hardfork and a coin-split looms! However, they have said that the legacy BitCoin and the new one will work side-by-side, but many speculate the value of BTC can go up or down drastically following this. However, I personally believe we may see some fluctuation, but BTC will remain stable because it has become far too important and integrated to lose it's value completely at this point in time.
While BitCoin is tumbling and taking all crypto prices down with it, it seems Ethereum is swinging in a mess of its own, with its new updates coming up. At the time of writing, the price is down to about $195, with the likeliness of dropping further. The next support-line is at $160, but since people are selling more than buying, no one can predict how far down the price is going to fall. For investors, I'm sure they're finding the right point to buy more and hold. The recent "Flash Crash" on GDAX, the rumor that the co-founder of Ethereum was dead and the ICOs clogging the Ethereum network, all have contributed to the price to fall significantly last month which caused a lot of investors to lose interest and confidence in Ethereum. That being said, the tech behind Ether is solid, and I believe Ether will show signs of slow and steady revival after this term of rapid fall.
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