Crypto is crashing—Bitcoin, Ethereum, everything.
I've found some key reasons:
Macroeconomic pressures: Inflation, interest rates.
Regulatory concerns: Stricter rules.
Environmental impact: Bitcoin mining issues.
Market manipulation: Whales influencing prices.
Tech challenges: Scalability, security problems.
Inflation around the world, and dramatic decreases of purchasing power of many fiat currencies, economic crisis will help more people to realize weakness of bank systems and fiat currencies under governmental control and monetary policies. It will help some of them, I hope big enough, to migrate from bank systems to Bitcoin, to find decentralization, freedom, full control of their fund, and better asset to store their wealth against inflation and get richer.
One point, Bitcoin mining uses good sustainable, renewable power mix than many industries and than many countries, it's fud if anyone say Bitcoin mining industry is worse than other industries in environmental aspect.
Crypto is not only Bitcoin, bigger than that. Crypto = Bitcoin + altcoins. And you must know that majority of altcoins are not Proof of Work coins.
Will crypto bounce back? Are you holding, selling, or buying the dip?
Bitcoin will bounce back and Bitcoin dips are great opportunities for you to buy dips, get profit later.
With altcoins, dips mostly are traps and you will lose money if you buy altcoin dips, hold altcoins for a while.