I think the biggest factor is inflation that occurs in many countries, when inflation occurs, many people need cash and the first alternative is to sell cryptocurrencies, in fact I often see many members complaining because the economic situation is still difficult due to the pandemic.
I agree. The thing about this though is that the very fear of inflation can also be seen as one of the triggers for people to jump into crypto currencies in order to save themselves or their money from the on going inflation. And the fact that covid has also restricted most of the businessess and services that were usually the source of profits from investments or jobs just increases the urge to get into crypto. Oh well, at least the lockdowns are stopping and some places are already covid free. I just hope that everything recovers faster which can also let new money flow into this market.