Yeh - this has been happening since Wednesday.
The crypto market went into freefall following a recent surge in prices.
It's a typical Pump & Dump market manipulation for institutional investors to offload their stock > pump up the price & then sell sell sell.
It's a sign of consolidation of assets into liquid form to meet regulatory solvency tests

Also Evergrande Group ( Chinese Property company - largest real estate developer in the world ) filed for bankruptcy in NY.

Concern over property values falling may have triggered the crypto sell-off

It's a big Boom.