Why did Avalanche drop?

Could you please explain to me why Avalanche has experienced a drop in value recently? I'm quite perplexed by this unexpected turn of events. Could it be due to the overall market volatility, or is there a more specific factor affecting Avalanche's performance? Is it related to any recent news or developments? Additionally, how does this drop impact the long-term prospects of Avalanche? I'm interested in understanding the reasons behind this decline and its potential impact on the cryptocurrency market overall.