Why have cryptocurrencies dropped

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Economist explains the two futures of crypto - Tyler Cowen
In June bitcoin dropped below $20, for the first time since This was prompted by the decision of Celsius Network, a major US cryptocurrency. Bitcoin's price has been on a downtrend for three consecutive days due to a hawkish stance from the Federal Reserve and significant Bitcoin. The price of bitcoin dropped below $26, this week amid decreased activity in the market, the growing crisis in China's property sector.

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Bitcoin has been on a rollercoaster ride over the last few years but things have been looking up as draws to a close. Is a bitcoin crash coming, or will the price go up more? That is unless they can provide a more sustainable business model that yields returns.