Although, probably not a major catalyst to the current crypto market dynamic, the recent "trade war" by the United States against Canada, Mexico and China may have played a role. 

On TikTok, I saw a video where someone was blaming the market dip on Donald Trump. Being the inquirer that I am, I asked if they can bring any evidence to it. Of course, they did not. However, I did think it was interesting that the crypto market dip coincided with the recent declarations by Trump.

Seeing that the value of both the Canadian Dollar and the Mexican Peso have dipped against the USD, I think it's an interesting display of current events.

So, I guess we can ponder on this question: Is the crypto market falling due to uncertainty in the crypto space or is it fueled by confidence in the United States Dollar?

I suppose this is one question among others that I hope people ask themselves.