People are buying BTC hoping that it will jump up after the SEC approves the ETF. However, today the SEC announced that they will delay the announcement till 30 of Sep. People loose their hope and sell for a loss. That's pretty simple and predictable in this market.
Steem is a long term play, you cannot see it jumps up to $5 - $10 in this year, that's for sure. But in the future, who knows?
RE: WEll, finally now at a loss on Steemit. Invested more than I hope to get out