I think the bear market will continue with brief moments of bull like we had yesterday Saturday. As you say, until something drastic and dramatic happens to counter the FUD, some genuinely solid positive news from the very countries/institutions that are causing the FUD in the first place. It's sad that the Wild West era of crypto is coming to an end (infuriates me actually that I might have missed the window for life-changing financial gains) but that is the pain we are going through right now.
Right, Maybe is a large project can finish ahead of schedule. Like EOS or IOTA it will help to ease some FUD and show the masses that blockchain can run the world. Much like when the Internet finally took off.