Interestingly, just a huge single transaction triggered this ongoing "crash" if I am allowed to use this term.
Could you elaborate on this point?
There was no single crash that dropped the price this morning.
I saw it going down live at coffee time and on bitfinex it took about 15 minutes to reach the bottom and about 10 on bitstamp, probably on some other exchange it was a single drop but it took a long time to replicate though all exchanges.
Hopefully, this also signals the beginning of the drop of fees.
I doubt that will happen soon, huge backlog, a bit of fomo, a few chains on top of blockchain, for a while we can forget about under 10 cents tx.