Why is the cryptocurrency market in decline?

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The total value of the cryptocurrency market (TOTAL) and Bitcoin (BTC) have been affected in the last 24 hours, surprising the market, even with the announcement of the 'Crypto Project' by the SEC. Altcoins performed almost similarly, with SPX6900 (SPX) dropping 8.7%.

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The SEC Chairman, Paul Atkins, revealed the 'Crypto Project', an initiative to modernize securities regulations for the integration of blockchain in U.S. markets. The plan includes interpretive guidance, exemptions, and safeguards to foster innovation in Web3, based on President Trump's GENIUS Act and the PWG report.#DELABSBinanceTGE

On the 10th anniversary of Ethereum, developer Justin Drake warned that quantum computing could threaten ETH, calling for a shift to hash-based cryptography to secure the network. He highlighted the ability of quantum computers to break current cryptographic methods, representing a significant challenge to the future security of Ethereum.#TrumpTariffs