First we need to evaluate the two critical cases that are happening which are affecting the market. Following this news and which direction its gearing, we can then decide on our next move.

1) SEC's decision on Bitcoin ETFs
Already there has been a delay on an application proposed by Vaneck and SolidX. Depending on how many ETFs will get approved or ignored will significantly determine the crypto landscape in upcoming September-November.

2) Formation of Bakkt company
Intercontental Exchange (owner of NY Stock Exchange and multiple other exchanges) with partners including Microsoft, Starbucks and Boston Consulting Group, plan to launch platform for consumers and institutions to buy, sell, and spend digital assets on a global network.
They announced their new company, Bakkt, is expected to launch in November. If it really happens, this is a big leap for the future of cryptocurrencies.  

So while we see the downward turns in the market for now, the reasons that caused the tumble actually gives us a lot of room for optimism.

(My go to source for crypto news: cryptopanic.com)