It looks like a correction, though a large scale and much more violent one. Some coins or tokens are beginning to get green again. Some even made x100 in this short period of time. That is crypto for you
Small corrections like this are common, but I'm optimistic that the market will skyrocket again soon, and glad that the price of ethereum and BNB didn't drop for too long and was only around 8% a week, I'm sure the market will continue to skyrocket and the biggest influencing factor will be ethereum which will soon pass $5000 this month.