China and Musk are to be considered the main culprit.
For this two, BTC almost dropped half.
And as musk has a huge followers, so they are diverted to altcoins by himself only.
Moreover as the price went down, so people aren’t talking too much now about BTC.
This is leading currently to the downfall of the coin.
So if you believe Musk is the culprit, are you also hailing him now as a hero for his comments yesterday on BTC? And is he fully and totally responsible for Bitcoin's good rise right now?
If you blame/credit someone, you have to be consistent. Can't pick sides only on one direction of the market:)