The dramatic dump of crypto-assets is the main reason why the market is down right now, and this dump is obviously caused by the postponed SEC decision on ETF. This created dilemma in the investors or players. It's not that the people don't believe in crypto anymore. It's just that they are uncertain about its future. Its future is very positive and promising yet volatile. People want to make quick profit, and many cannot stand these fluctuations anymore. Many have gone impatient and are selling off. That's why we see a bloody market now.