The reasons of the drop of price of Bitcoin are pretty obvious to me (saturated network, too high fees),
the reasons for either a rise or a fall are never 100% obvious to anyone, how can you be sure about this is beyond me.
of course the high fees didn't help the situation but it was not the reason in my opinion. the fees were high for a long time, and they were high before during other rallies too but they never caused a drop.
and if anything, high fees should have prevented a lot of people from being able to transfer their coins and sell them!
but why is Bitcoin Cash price not benefiting from this? This does not make sense.
simply because bitcoin cash was already pumped from 0.09
BTC up to 0.25
BTC and it needed to get dumped first and it just coincided with bitcoin's correction.