YES this is what a crypto market crash looks like Jan 2018. Bitcoin crash and crypto market crash was caused by the fear of the korean and chinese government cracking down on cryptos ( cryptocurrencies trading) causing the rest of the cryptos to slump in value.
However they will go back up in value once hope resumes. Double up or stay on the side line is a choice you have to make and if you are to double up, buy more of ripple and Iota for the simple reason is that they don’t affect the dollar like bitcoin and litecoin does.
So yes the crypto market is crashing and you have to make a decision on whether to sell or buy more.
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