Bitcoin took a big retrace, a likely profit taking by alt coin traders. The dynamic that I had seen is alt coins were going down a bit, and then bitcoin took a dive. This fueled more alt coining out into bitcoin and the next likely case was into FIAT.
Recently the bitcoin blocks are not full to maximum capacity with transactions (max is ~2200 txns, notice the 989, 969, 1005). With news about segwit coming up in August, I think that Bitcoin is back on is up trend to go over $3,000