Yes, I think that crypto market is down for now and majority of the altcoins were also currently on dip due to bear market. I believe that market is under major adjustment that may take longer. Perhaps, most of the people are already used to it and must not do panic selling in situation like this instead they should have to hold their cryptos for good while waiting for the complete recovery.
Yeah it is too obvious that bitcoin market is down from coinmarketcap.com that you can see how market price moves. Yet there are few crypto here that could not be affected by the volatility of the bitcoin and other established crypto like ETH. This because those crypto are dependent with the market price movement of the dominant crypto in the market and I knew some of those coins.