Why Cardano crashed?

I've noticed that the price of Cardano has taken a significant tumble recently. Could you explain what might have caused this drop? Was it due to a specific event or announcement? Has there been any change in the fundamentals of the project that investors might be reacting to? Or is it simply a correction in the overall market sentiment towards cryptocurrencies? Given your expertise in this field, I'd really appreciate your insights on what might be driving this downward trend for Cardano.