One of the reasons for the tilted market is the tether (USDT) and the allegations surrounding it.
Bitfinex and Tether have been ordered by the US Commodity Futures Trading Commission.
Considered to be the driving force of bitcoin prices in recent years, anxiety USDT will collapse impact strongly on the global market.
not being funny but where have you been osama, this is old news!
try coindesk or similar for more upto date titbits
btc has seen it all and then some and keeps on rolling, its easily forgotten that btc was around 7500$ even in november last year (3 months ago) being honest anyone who didnt know there was a correction coming at some point was blinded by greed like i was
if tether could have backed its value with real fiat it would have been the golden egg of crypto, its very probable thats not going to be the case though, although there are other competitors so its not all doom and gloom