The condition of cryptocurrency market depends on the whole economic situation in the world.
Now cryptocurrency market falls because of unstable economic situation in the world and big inflation.
It could be that the current world economy crisis has contributed to the correction that comes one after another in crypto market in general, regardless though even without the crisis btc would still enter its correction phase since it has had quite the rally that caused a breakthrough in ATH. this current correction was kinda obvious to come since in investment, there's always a correction after massive rally