Why did Cardano fell?

Could you please enlighten me as to why Cardano has experienced a decline? It's quite puzzling to observe its performance given the hype and expectations surrounding it. I'm keen to understand the underlying reasons for this fall. Was it due to market fluctuations? Or perhaps some fundamental issues with the project itself? Could it be related to regulatory concerns or the competition in the cryptocurrency space? I'm really curious to know what might have caused this drop in Cardano's value and how it might affect its future prospects.