I heard the crypto markets dropped due to a large influx of selling from the Litecoin CEO who ended up selling all of his tokens so that he was not benefiting from influencing the market with his statements. I find this interesting yet not probable as I was following the fall and believe it stemmed from a sell off but then the investors in Bitcoin cash whom I believe are more novices sold out early as they feared the drop was something greater and like most crashes started a massive sell off of the tokens. But if you look at the charts Bitcoin cash is by far the most severe of drops and rises making it the most volatile to trade right now.