Bitcoin Back into 11,000$ in 1.5 Hours ($1,300)

[hugeblack]

The price of a bitcoin has just tumbled down more than $1,000 in less than 2 hours.
The cryptocurrency opened today's session at $13,585, and reached a high of $13,601 before the sudden tumble at soon after 07:00 UTC that saw the price drop from $13,210 down to $11,850 at 08:30 UTC. That's a fall of $1,360 in just 1.5 hours.[1]

the writer says:  in large part seemingly due to new regulatory efforts to calm the enthusiastic crypto market in South Korea.[2]

do you agree with him?
Source:https://www.coindesk.com/bitcoins-price-just-dropped-over-1300-in-1-5-hours/

[vectorshield]

The price of a bitcoin has just tumbled down more than $1,000 in less than 2 hours.
The cryptocurrency opened today's session at $13,585, and reached a high of $13,601 before the sudden tumble at soon after 07:00 UTC that saw the price drop from $13,210 down to $11,850 at 08:30 UTC. That's a fall of $1,360 in just 1.5 hours.[1]

https://media.coindesk.com/uploads/2018/01/coindesk-bpi-chart1.png

the writer says:  in large part seemingly due to new regulatory efforts to calm the enthusiastic crypto market in South Korea.[2]

do you agree with him?
Source:https://www.coindesk.com/bitcoins-price-just-dropped-over-1300-in-1-5-hours/

Thanks for the info, I was wondering what was happening in the market with bitcoin going down so sharply, I do not know if that is the only reasons but I think that plays a role.