Hong Kong, May 21 -- The crypto market, especially Bitcoin, took a major tumble this week as China reinforced their ban against the trade.

Just like all markets, crypto too has always been an incredibly wavy affair. Some think it's highly volatile compared to traditional stock markets, while others believe it's one of those 'marathons over sprint' investment options. However, this week, the market took one of its worst dips ever. Bitcoin, the quintessential cryptocurrency, suffered a major drop this week, resulting in a loss of hundreds of billions of dollars of net worth from Bitcoin investors around the world. Well, BTC wasn't the only one, Etherium, Dogecoin, and many big names shared this unfortunate fate. Here's why.

Bitcoin was al...