Recently there has been a noticeable decline in Bitcoin (BTC) volumes and price pressure. This situation is causing larger declines in altcoins. Here are some reasons:

Liquidity Issues: Bitcoin’s trading volume has significantly decreased in both spot and futures markets. 

Inflation and Interest Rate Expectations: Expectations of inflation and interest rate hikes in the US have led to selling pressure in the crypto market. 

Tax Regulations: Planned changes in tax laws in the US are causing investors to sell