Bitcoin is now down at 5500 dollars. This is not good in cryptocurrency because bitcoin is the foudation of all cryptocurrencies. If it will goes down, expect that other altcoins will follow it too. Look at Ethereum and EOS, they move down after bitcoin goes down today. Will it be move up on upcoming years?
This is no doubt a bad news and the drop makes things much chaotic for the users who are already suffering by the fall in the value of the coins. But no matter how low the values fall, one day they will rise high.