No. Status ICO caused a major disruption in the blockchain, and Steemit is finding a correction.
Edit:
A lot of different factors would contribute to what we're seeing in the bitcoin world.
Ethereum block chain is dealing with major disruptions caused by ICOs
Bitcoin has been fluctuating, but has been staying relatively steady.
Steemit's hardfork brought a lot of attention to Steemit, and with attention comes investment. You buy on rumors, you sell on news.
Coinbase.com has been down for a while. This is a major exchange in USA.
GDAD dumped ETH to $40, but immediately rebounded.
There are other factors always, but notably, the hardfork alone did not cause an entire downtrend for the cryptocommunity. PS - watch your steemit price slowly go back up, just don't trade it ... HODL.
I was going to get some steem today !
Not a bad time to! With the new hardfork, it's bringing a lot of attention to steemit. Buy in small portions over a period of time and watch it grow :) Just don't trade or sell it away too fast, you don't want to lose out on money!
Good luck!!