Bloodbath for Bitcoin - Part 2

What caused this week's Sea of Red, how did NEO hold up, what does it mean for the future and is Cryptocurrency here to stay?
A primer for beginners to Bitcoin and Blockchain: See Part 1 is optional, below.

https://www.facebook.com/CryptoChurch.Is.On.Steemit.cryptocurrency.bitcoin/videos/175279899744152/