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I wonder if this has anything to do with recent Tether reserve report:

https://www.coindesk.com/tether-first-reserve-composition-re...

Since the report does not really specify what exactly the reserves are we can expect NYAG to not be happy with it, and taking further steps against Tether.

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A mix of that plus Elon dunking on it plus China tightening regulations plus Ethereum news about PoS progress, probably.

Isn't PoS really good news for Ethereum, especially in light of Elons energy concerns? Ethereum has tanked 25% as well.

It should be, but Bitcoin's influence on other crypto currencies will still outweigh their own growth vectors for a little while.

If Bitcoin stabilises a bit from here I think we'll see Ethereum continue to grow a bit again.

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