Could PlusToken Scam be the reason for the recent decreasing BTC and altcoin prices?

There’s a discussion that the largest crypto scam in history could have contributed to that.

Now, it seems that 2019 will also be remembered as the year of the uncovering of PlusToken, a cryptocurrency Ponzi scheme that allegedly took roughly $2.9 billion from investors–so far, it’s been identified as the largest Ponzi scheme in crypto history, and the story is still unwinding.

This type of “service” could easily spread to other areas of the world and scam more people look for “rewards”.

That wouldn’t explain why its happening now, right?

Impossible to say. It could have suppressed sentiment, resulting in more selling. Bakkt underwhelming rollout could have been affected by it, or been a catalyst on its own to depress price.