If your noticing drops in your altcoin wallets today, it may have something to do with new regulations in China...
Just this week, China created a list of 60 major exchanges that are currently being investigated in response to hacker theft and terrorist fudraising. Two major platforms that help altcoin creators market alternative commodities to buyers, ICOage and ICO.info, voluntarily suspended operations in response to the ban. The inquery aims to register ICOs to prevent theft, fraud, and illegal activity.
This happened previously in 2013, when China placed a similar ban on ICOs, but since then, after markets recovered, altcoin prices soared, bringing bitcoin up to $5000 USD in recent months.
Have no fear folks, we could see another exponential rise in prices in the next several months, possibly breaking Bitcoin records!