ChainCatcher news, according to Cointelegraph, in response to the decline in the crypto market today, Henrik Anderrson, chief investment officer of asset management company Apollo Crypto, said that he could not determine the main reason for the market decline - but he believed that the recent decline in interest in Bitcoin spot ETFs may be one of the factors.

Anderrson said: "From what I have seen, there is no obvious catalyst, but it looks like the negative flow of BTC ETFs has led to weakness in altcoins, triggering the liquidation of leveraged long traders in Bitcoin, Ethereum and Dogecoin."