Market Is Tanking! Why? | What I Watch - Daily: Are Tethers Safe, Mining: Russia vs Japan vs China

So I sit down and start watching my daily dose of Michael's Hive account@boxmining daily. In the first minutes he's talking about the markets going sideways. So I think, let's have a look.
I open up https://coinmarketcap.com/ and WOOOH - what do I see - the market is tanking on all fronts! RED everywhere, must be the last 2 to 3 hours. Losses from 5 to more than 20% across the whole market.

Do you think this is still related to China? Just a hickup? Or the start of a bigger bear market?

Anyways at the same time interesting news about companies investing huge sums to enter the crypto mining game. Still not sure if this is a good sign, as is "mass adoption" or a bad sign as in "peak of the bubble, everyone throws money at it blindly".

Cheers!

Boxmining - Daily: Are Tethers Safe, Mining: Russia vs Japan vs China