Is current crypto downward trend only temporary?
It was a normal one, as we faced extremely upward trends.
A correction was needed in order to bring the market in a normal level. However, I don't really know what it happens with altcoins. They should follow so sharply the downturn.
Market is back up and those who had sold in hastily are now repenting as it has reached to 11700$ now and thus will rise and cross 12k. So those who had bought at dip time have made money now and if hold it will continue to grow their money from this market as it is growing and will move upwards easily.