it's due to people selling their altcoins (such as Steem) and buying bitcoins before the 2 hardforks coming up, which essentially means people holding bitcoin will get free money (bitcoin gold and bitcoin 2x).
As they sell, the values of Steem and many other altcoins drop.
Coins like BitConnect is traded pretty much ONLY with bitcoins so its value is measured in satoshis, so as bitcoin's value increase, so do the value of coins like bitconnect
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agree
Thanks for the explanation, makes sense and I understand the situation better. Enjoy your weekend