Speaking about Bitcoin's current situation, Bitcoin's market value is no longer better. Bitcoin was in the very first condition, at the price such as Bitcoin, now it is in a very bad condition. In the first place, Bitcoin survives in the current market, depending on the work and needs of the people. We can say for sure that Bitcoin will again be elevated to its highest rank.
Indeed, the situation right now might be dire but IMO if we consider it for long term, it is actually faring good. The price increase have become more natural, some of the over-hyped and over-valued coins have returned to the earth.
It is somewhat to say that crypto isn't sinking at all, though other coins buried in dip for many days but there is still chances to be elevated. The falling trend of bitcoin could affect investors trust but not making away to step out from here. Maybe we should take time to relax and stay calm, and tried to resume business when market re-bounce.