Many cryptocurrencies my be in red, but only for day traders. Go back to last year and you will have these results on a few examples:
Crypto 08/20/2017 08/20/2018
BTC 4196,35$ 6476,75$
LTC 47,21 $ 56,57$
Doge 0,0017$ 0,008$
DGB 0,013$ 0,025$
Monero 54,85$ 98,65$
When we go back to January/February/March 2017, then we still have huge growths of nearly all well known cryptocurrencies f.e. Litecoin was worth 3 or 4$, Bitcoin was under 1000$, Ethereum under 50$.
According to last year, we are in good shape. But most investors have made a timing error and they are damaging.