Are all cryptocurrencies plummeting or only Bitcoin? Cryptographic currency tends to move in one direction. Are they not as closely related as they used to be?
If Bitcoin has a big shock, it will usually have a knock-on effect. If bitcoin drops by 90%, it is very likely that other cryptocurrencies will follow. The real test is which cryptocurrency can survive the plunge in prices, just as Amazon, eBay, and Priceline survived the burst of the Internet bubble.