What can cause crypto currency crashing

Crashing of crypto currency is no longer a new thing to crypto investors
Crypto crashing simply mean decreasing in price of crypto currency, even the great Bitcoin and eth are no exemption.
Crypto prices can be dramatically affected by major events,
1) such as exchanges or coins crashing. They can also sink with higher interest rates, rising inflation and other macroeconomic factors that can affect how confident people feel investing their money in risky alternative assets.
2)Regulatory factors and financial enforcement actions like those carried out by the SEC can also affect the market. And when prices fall rapidly, as they did in 2022, that can compound the pressure on the market by forcing some investors to free up cash so they can meet other obligations. In the case of the FTX crash, the impact to the market was enormous. The crash didn't just affect FTX, but also cryptocurrencies FTX heavily invested in (such as Solana) and firms FTX did business with. The crypto exchange BlockFi, which received a line of credit from FTX.US and was set to be acquired by the company later in the year, froze withdrawals before filing for bankruptcy itself a few weeks after FTX did.
3) the lastest crash is cause by binance shutting down payment on it app.