I have only recently become interested in the Cryptocurrency markets and potential for growth, and for this reason do not have great insight on the history of Bitcoin, Ethereum and all other altcoins, and their price swings.
all the history is one click away from you.
just visit a website that lists these coins with their prices, a website that you like. it can be coinmarketcap, coingecko, ... or it can be any of the exchanges that you use for trading. they all have charts that you can see these price changes over time.
I am baffled by the serious downturn the markets have taken in the last few days and am at a loss of words to explain it. Does anyone know what might be causing the heavy selling that is taking place?
for bitcoin it is a simple correction of price because it went up too fast, also it is because of a little bit of uncertainty about the future and how SegWit will be activated. it is not that heavy as you think.
for altcoins it is simply their end of the line, they got pumped and now it is time for the dump. the pump and dumps come in duos not alone. it is pretty heavy and will get harder.
Is this mostly caused by Ethereum-holders (I'm thinking of the recent successful multimillion ICOs) cashing out? Are investors unwinding positions because, perhaps, they fear the upcoming July Segwit2 Bitcoin activation may fail?
these two are completely different and unrelated.
the ethereum bag holders and the ICO holders are panic selling at the moment because of the fear of price drop and also because of the fear of network fails that happened recently. on top of that the bubble is bursting.
bitcoin is unrelated to all that, and if anything all the money that runs out of ethereum should come back to bitcoin.