The crypto market has been bleeding for some weeks now, it can be very depressing, those that have been around for a while know that what this is just like the law of gravity, but acting in both ways. I know the right force to take things up will come, maybe slowly, but it'll definitely bounce back.

While small talk may be necessary part of a conversation, I believe it depends on the situation and the individual in question.
For some people, it can sound and seem all faked, sometimes it might be unnecessary especially in formal situations and can create a social pressure if the individual in question doesn't connect with your words.
But generally it's a perfect way to connect with someone and own a conversation especially in informal situations or when trying to build trust.