The price has suffered from the beginning of the year and it is clear why this was the case, there was simply too much money in the market and as soon as the price went down because some people were taking their profits people began to panic sell
Where is the too much money ? What you mean by much money in the market ? You mean the bumped prices were tended to fall down ? If that is the case, the bear market has started or fixed from the beginning of its rising itself. I guess we cannot say just one reason for entire fall of the market. People pumped the market and now dumping. This must be the real cycle
after a while it was impossible to stop the crash, to me it is not really complicated to understand.
After a big bubble, a crash must be inevitable. Bitcoin's actual worth by end of last year must be $10k only it seemed but traders bumped up to ~$20k then obviously it has to fall below its actual worth too.