People with weak hands made this happen. It's no surprise that the markets made a quick recovery. Many noobs just don't realize how volatile this world can be. And for the rest of us, this just results in everything being "on sale". ;)
I actually kind of respect Peter Schiff, so I'm really disappointed with him sharing that article. He's probably just pissed he didn't get in on Crypto himself. Come on, Pete. JOIN THE DAHK SIDE!! We have cookies!