The recent decline in the crypto market is due to several potential reasons. Here are some factors that may have contributed to this decline, and let's not forget, of course, the recent dinner $TRUMP

- The Bitcoin index $BTC fell below the critical support level, triggering automatic sell orders and deepening the decline.

- The decline in the crypto market coincided with a state of volatility in global financial markets, as investors sought to hedge by moving towards safer assets such as bonds and gold.

- The role of automated trading and algorithmic techniques: the breach of key support levels led to the intervention of automated systems in the market through programmed sell orders based on technical indicators.

- Profit-taking and changes in investor sentiment: Some investors and large institutions took profits by selling portions of their positions, leading to an increase in supply in the market without sufficient demand.

- Inflation concerns: Economic indicators such as the US Services Purchasing Managers' Index raised concerns among investors, leading to a shift of some liquidity away from high-risk assets like Bitcoin.

- Bitcoin-backed exchange-traded funds recorded a wave of outflows, indicating a shift of investors toward reducing exposure to the digital currency.