Depends on how you look at it. Traders might see this as a good time to short a few coins therefore no investment is flowing away (although market cap fell, have to admit that). At the same time, I am sure current state of cryptomarket might scare somebody. On the other hand, market cap raise in 2017 was just phenomenal, so a little cold shower might not hurt us after all. Slower and steadier rise might bring lower volatility to major cryptocurrencies and therefore they may be considered safer mass adoption.
Depends on how you look at it. Traders might see this as a good time to short a few coins therefore no investment is flowing away (although market cap fell, have to admit that). At the same time, I am sure current state of cryptomarket might scare somebody. On the other hand, market cap raise in 2017 was just phenomenal, so a little cold shower might not hurt us after all. Slower and steadier rise might bring lower volatility to major cryptocurrencies and therefore they may be considered safer mass adoption.