Why is Chainlink crashing?

Could you please shed some light on the recent slump in Chainlink's value? I've noticed a significant drop in its market capitalization and am curious about the potential reasons behind this decline. Is it due to broader market volatility? Or are there specific factors related to Chainlink's technology, adoption, or regulatory landscape that might be causing this downtrend? As a professional in the field of cryptocurrency and finance, your insights would be invaluable in understanding this situation.