I think its happened because of the ETF approval. still, EFT approval is pending. most people afraid to invest this time. because of some countries band crypto investment. they waiting for what happened ETF.
Regulatory Pressure Regulations from various countries have the biggest impact on the prices of Bitcoin and other crypto. High Volatility Goldman Sachs has a graph that shows the daily volatility of Bitcoin versus other investments such as WTI, Gold, S & P 500, and several other instruments. Competition with Altcoin There are more than 1,600 Altcoins listed on coinmarketcap [dot] com, and more than half have market capitalization below 10 million US Dollars.