This is not too much surprising as this dump because of the news relation to China, we all know that China is one of the biggest investors in this crypto world, that is why if there is bad news happen to China that is related to c cryptocurrency, we might see the big red flag in the market, there is no need to worry about it, as long as you hold you wont lose your money.
Are you a newbie? Falls like this happen all the time.
I'm surprised how quickly people get used to good things, it's just a year of a bull race and everyone has already forgotten how for 3 years we could not get out of a long winter.
We were all waiting for a correction, and now it came.
This always shocks most of the newbies and they are those who commonly keep on selling once the market keeps on going down, even though they are at loss, they will still sell it because they cannot hold for a long time.