Why is USDC falling?

Why is USDC falling? It's a perplexing trend in the cryptocurrency landscape that has garnered significant attention. As a stablecoin pegged to the U.S. dollar, USDC has traditionally been a haven for investors seeking stability in volatile markets. But recently, its value has been on a downward spiral. Could it be due to market jitters caused by broader crypto trends? Or is it a reflection of increased competition in the stablecoin space? Regulatory concerns in the U.S., where USDC has a significant presence, might also be playing a role. It's crucial to delve deeper into these factors and understand their impact on USDC's price. After all, stablecoins are meant to be, well, stable. What's causing this unexpected fall, and what does it mean for the future of USDC and the crypto market at large?