With the continuous downslide of the Bitcoin and the crypto market at large, is it too soon to say that we might likely be witnessing the end of it all?
No I don't think we are witnessing the End of the crypto currency era right now. You are right that most coins fell a lot this year, but so did the other major asset classes like stocks. Nasdaq is down more than 20% YTD, Euro Stoxx 50 is down more than 15%. Cryptos are down more than stocks given their higher volalitity, which also means they will rise more when prices are recovering. How can Bitcoins come to end when there is still a lot of demand for it? As long as there are investors who are looking to buy new coins and investors who are unwilling to sell theirs the market will continue. For bitcoins do be declared dead the price would need to drop down to 0.1$, and I don't see any chance of this happening any time soon. It took so long for bitcoins to become mainstream and be accepted all around the world, it would be wrong to give it all up now.