Crypto is bearish in January and February thats all.
Beginning of the year is Always a bit hard for crypto because people dont have the time, money and will to invest. Even as a crypto holder myself I'm not investing at the moment because between the end of the year spendings and the New year taxes I dont have much to invest...
Just give the market a month or two!
tax season is approaching, true, but 2018 was a year of huge losses across the crypto markets. most investors probably had capital losses, not capital gains. so i don't think upcoming tax payments are playing a big role. holiday spending may be a factor......post-holiday consumer spending usually declines so that might apply to investment too.
overall though, i think we're just reeling from the november crash. nothing too surprising here.