let's analyze the market coldly.
The US and China have already toned down on tariffs...
The Fed lowered the interest rate by 0.25
Almost all countries are regulating cryptocurrencies...
several ETF approvals.
Trump is a fan of cryptocurrencies.
NVidia in its earnings showed that technology combined with AI is still on the rise.

all of the above mentioned are recent news, but the market has collapsed.
the news now is that it is waiting for the Fed to lower the interest rate by 0.25 to be another catalyst for the currencies.

in other words, this market is just speculation, as it should at least be stabilized.

Conspiracy theory, the market is likely to suffer many more drops, as I am sure that many institutions and countries that want to adopt cryptocurrencies as reserves are at very high values...

so for this crowd to enter the market, it is necessary to reprice, more attractive values ...

just a theory!