The price of Bitcoin can be attributed to several things happening at the moment. Take the war between Ukraine and Russia which has led to highly fluctuating market trends globally. In addition, the bull run seems to be over so market is currently having a general correction as expected. Hopefully we can bounce back pretty hard after June.
that's the major event that we are seeing right now as a contributor on what's happening in the market. but there are actually other factors that are influencing this movement. the growing adoption of users and merchants is also one. how about countries that are going positive towards crypto? so what am saying here is that we can't really attribute the market performance in only one event or factor here, as you mentioned also, it is combination of several events and we can't quantify the degree of their contribution to this market.