I actually just put a little more into Bitcoin! I agree that there's a huge seasonality aspect. The dip BTC saw last January was the lowest point it hit all year. My running hypothesis is that cryptos run counter to the January effect, which is when stocks tend to rally after the December selloffs you see. I think it's plausible that people are putting more money into equities from crypto coupled with - to your point - their fear of cryptos being investigated or the market being squashed.

Of course, even better news is that STEEM is holding up against the downtrends pretty well!