If you do not trust in crypto and you have doubts whether it ll bounce back, well, in that case you are in the wrong industry and you shouldn't have invested in crypto in the first place.
So knowing this, what is the problem again?
If you are new to crypto currency and thinking that you could make a quick buck ,people would get panic when the market starts falling and that is exactly what is happening here,with every negative news the market is going down deeper,the things you have said is true,but if you see your valuation going down,there is nothing you can do that to sell,but if you are an experienced trader you know exactly how the market behave.