That is because everyone is selling off their altcoins to get more bitcoins, so that they can get as many free SegWit2x version of bitcoins as possible. However, once the hard fork is done, I'm quite sure the altcoins like Ethereum will again increase in value.
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It also made an impact that CME is going to start offering futures contracts on BTC. Having such a big securities player like that back an alt coin makes day-to-day traders take another serious look at it.