You are right, we have a bearish behaviour througout the last weeks. And a lot of people I know are really concerned. Also the fact that btc price action has fallen under 10,000 USD, has caused a lot of FUD.
You are right, it is really hard to evaluate the value of cryptocurrencies and to peg a price onto it. However, this is also a cause of concern of those having bought cryptos at a time of probably inflated prices...

Thanks for pinpointing the source of the FUD to the Tether reports, to negative media coverage especially in India and to current actions from Binance.