We are looking at the seperation of the wheat from the chaff. Media excitement brought a lot of people into the crypto market who didn't understand it. They threw money at anything and everything related to Bitcoin with little knowledge of the topic. Junk ICOs and shitcoins mooned for no reason. Now Bitcoin transactions are slowing down and fees are increasing. Regulatory agencies are getting involved. Cryptocurrency is here to stay but this correction was overdue and there is no telling when it will end. When it does end I think only the strong currencies with good developers will recover.

Disclaimer: I am not an investment advisor and my content should not be considered legal or financial advise.