The reason behind all the reds on Coinmarketcap 8-1-2018

So we all know today was a bloody bath for cryptocurrency market but why did we see this crash all of a sudden?
Well it is to blame on Coinmarketcap:

Expect to see the market going up again as people realize what happened and we will probably be back where we were in a few days.
We are in this together and I wish you all good luck with your crypto cash, lets make some big money in 2018!