It looks like many people are just panicking and think they have no choice than just taking their money out of the markets. There is nowhere better to store their coins so they think rather than holding and gaining in the future, they are going to take the loss to protect the huge profits they may have made so far.
I don't think the 'end of crypto' is coming anytime soon.
If anything there may be a boom of crypto after this hardship.
We all just need to be a bit more patient and remain calm.
Thank you for reassuring people @thecryptofiend