It's a bloodbath out there

Steem and the rest of the altcoin space is getting smacked hard right now.

Steem is down about 15%, with most of the altcoins also being down double digit percentages.

What gives?

My best guess is that money is flowing back into Bitcoin now that rumors are circulating that the China ban may only be temporary.

What do you guys think, why are we going down right now?

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