I would say that it is just a simple correction. Even the stock market does this.
Look at the current prices today and how the prices was just one month ago or just 14 days ago.
They are still way up
Honestly, people who are in crypto now are like the people who were buying Cisco stock for a 1.50 in the 90's. Crashes and runs are the name of the game, but for those who stay woke and play it smart, things will be all right.
(obvious disclaimer: this is financial advice, mileage may vary)