Yesterday all crypto was almost red, this situation was getting worse because we were in Q1 for the new year. regarding your statement about the plan to use crypto as a financial transaction, I think indeed the state will only support one coin that they support, and may not have a big impact on the overall market situation. unless they support 100% bitcoin.
but if in my opinion the market from the beginning of the year has begun to change quite well. and if many countries support one coin such as bitcoin then it is likely that it will make the market like 2017 if in my opinion