Crypto is down due to a mix of these key factors:

1. Big Investors Paused Buying

- Institutions stopped pumping money into crypto ETFs (like Bitcoin funds), creating less demand.

2. Too Much Risky Trading

- Traders borrowed heavily to bet on prices rising, but when prices dropped, they were forced to sell, making the dip worse.

3. Regulation Worries

- Governments are cracking down on crypto rules, causing uncertainty (e.g., delayed approvals for new crypto funds).

4. Profit-Taking

- After recent price jumps (like Bitcoin hitting $104k earlier in May), many traders cashed out to lock in gains.

5. Stock Market Jitters

- When stocks dip (like the S&P 500), crypto often falls too, as both are seen as “risky” investments.

What to Watch:

- If institutions start buying ETFs again.

- Government policies (pro-crypto = good; strict rules = bad).

Most dips are temporary, but stay cautious with meme coins or overhyped projects!