I would not say the news, because fundamentally, if it is about the news, things should have gotten better by now. This was imminent after the manipulated pump last year which caused a huge FOMO. I would not say this is new, but rather one of those things we get to see in a volatile market.

Bitcoin has so far formed a downtrend channel, and until we see a breakout and a small consolidation period before we can start seeing any serious move with altcoins and that includes steem, so we just keep our arms crossed and see how things pan out. By the way, looking at most of the charts of alts, you will see they tend to follow the same pattern throughout!

Well, looking forward to bagging up some potential altcoins at the dip anyway.