We can take a look at this for us not to lose hope over crypto currencies. Stock markets also experience crisis now which means this is really something that dictates about the economic status and not the idea that bitcoin or cryptos will going to die. By this we can be confident that in due time the market will start to recover and we can have a good bitcoin value again. Let's continue to support bitcoin and keep on holding.
I am also having a conclusion that there might be a current economic crisis happening that causes this dumps aside from all the negative news, and government activities against BTC because not only cryptocurrency is dumping but also stock market. Actually I am already torn between selling and cutting loss as early as now or keep hodl and waiting due to what is happening.