Volatility due to current uncertainties caused by conflicts is one of the biggest factor here. Investors nowadays are smart enough to not investing in these times of war. However, it is not the end of crypto. Bearishness is indeed in front of us now. Just hold on and buy the DIP.
There are a lot of negative events happening in the real world which stumble cryptocurrency prices across the market. China's decision to ban cryptocurrencies, Elon Musk's criticism of Bitcoin's high-energy consumption, and now the Russia-Ukraine crisis have negatively impacted major cryptocurrencies like Bitcoin and Ethereum. We need something positive that would drive market prices all the way to the moon. But that will take some time, as hype doesn't come overnight.
Ultimately crypto is not about the price, but rather the number of benefits it provides relative to Fiat. Crypto is far better than Fiat so price doesn't make any difference as long as it does the job well. Once people start thinking in terms of Bitcoin (not in Fiat), then volatility would no longer be a concern to investors and everyday people like you and me. Who knows if we're close towards experiencing a "hyperbitcoinized" world? Just my opinion
