The reason is, the system doesn't work in the real world.
Nobody in a real economy wants an inefficient public ledger that can't even scale, loses or gains value like a roller coaster, uses insecure technology that is a decade old.
This is the system of future and advanced people. The older people do not understand it and they will not survive if they will not accept it and adopt it. The market was down because of the older/classical people who not want to involve in this technology but sooner they will realize that they were on mistake and they will either adopt it or they will die up with their older system.