What is happening with the crypto-currency?

What is happening with the crypto-currency?

Day after day, week after week, prices are plummeting. What's the bottom of it all?
Bad news from the East with the ban on the crypto-currency market in China, bad news from the West with English and US banks blocking crypto-currency purchases with credit cards, as well as the recent hacker attack on Japan's largest exchange, as well as suspicions falling on the Tether. This is a key moment in this world. Where are we going? Will the market, which has reached its 700 billion dollars in marketcap and which is now at 290 billion dollars in almost two months will really break?
I believe that in a volatile market the obvious is that there is volatility, and I believe a lot in technology, which every day shows us how disruptive it is. Although we are at the beginning of market regulation and very strong pressure from banks, governments and intermediaries in wanting to maintain the status quo, I see some countries emerging ahead and giving possibilities and breath for the growth of the crypto world, as we see in Japan with its favorable regulation, Canada which approved its first Bitcoin ETF, Switzerland with its crypto valley, and Australia.
This drop may have helped the System stay healthy. But how far is this fall? I believe that until the end of February and only from that the scenario will revert.