True, Bitcoin is influencing all cryptos. The upcoming Aug 1st impact is the reason obviously. Though we may see this turbulence for several weeks after Aug 1st and then will recuperate to a new high for sure. Most of them are speculating 10$ per steem by year end but 5$ seems reasonable.
Though it's unfortunate enough that after having a product like steemit ready and working with thousands of users, still BTC prominently influences Steem and others. Just keep powering up until it's cheap. Invest wisely...