Why is the crypto market declining again ?

$BTC losing more than 250 billion dollars in market cap in a single day—the world’s largest crypto found support at just below 50k USD and bounced back more than 14% to trade around the 57k USD mark.

The crash was primarily triggered by the Middle East escalations of the war between Israel and Iran and the Japanese stock market recording the greatest single-day crash ever since 1987.

according to Forbes report , this situation can last till end of the year until Christmas .