There is no bloodbath. Only a normal correction. Who has just a little experience in forex knows this.
Lack of investment into cryptos, banning of traders, exchangers in Korea, a long holiday gap and and the price value are the reasons for the whole market price being in red. But, they are resuming now as per coinmarketcap.com data.
I am sure the market will boom again soon. As we predicted, we can still expect bitcoin rate and other altcoins rate go up in few days.
It's just to many new traders who don't understand how prices move here, nothing else like bad news I'd say. When you have many people entering and when they see quick buck they are scared to hold their coins as there are a lot of talks about this being a bubble, which can be true on its own but seeing this like every time we are ignorant on that claim, which has as a result they are selling to take profits. Always goes like this.