Even the most prolific cryptocurrency isn’t immune to the crash.

This week has seen what is quite possibly one of the biggest crashes in the young history of cryptocurrency. Multiple currencies suffered major losses, with more than a few being rendered next-to-worthless. While various cryptocurrencies already tend to fluctuate wildly in value, there are a handful of so-called “stablecoins” that can be relied upon for a relatively consistent value. However, it seems even the stablecoins weren’t immune to the crash.

Bitcoin, the most prolific cryptocurrency on the market, is on track for the worst value drop it’s seen in over a year, hitting a low this week of below $29,000 USD. In the days since then, Bitcoin has managed to recuperate slightly, working up to over $30,000, but this still represents a substantial loss for the crypto that was worth $40,000 only a week ago.

“I don’t think the worst is over,” said investment director of Axion Global Asset Management Scottie Siu. “I think there is more downside in the coming days. I think what we need to see is the open interest collapse a lot more, so the speculators are really out of it, and that’s when I think the market will stabilize.”

While stocks related to crypto and blockchain have suffered losses as a result of the crash, the market at large isn’t experiencing much of a shake-up.

“Crypto is still tiny and crypto integration within broader financial markets is still infinitesimally small,” said James Malcolm, head of FX strategy at UBS. “This idea that what goes on in crypto stays in crypto – that’s in many ways where we still are at the moment.”