ashutosh bitcoin had been surging lately. why did the rally suddenly stop? well, chris, it seems like investors are booking the profits. you just mentioned that the coin had been on the ted this year, and it's, it was only expected that there would be some sort of a correction before it actually breached that record level. so that's what's happening. but this is certainly a nervous time for many of the late entrants who joined the party quite late, doing the rally. so those guys must be really nervous at this point of time, given the penchant for big corn for boom and bust. and that's going to be what he saw and many of these late and mind you were actually retail investors. so i have to drop in value today. are we going to see a repeat of these spectacular 2018 bust which has been painful for many it's very difficult to see anything for certain do when it comes to bit coy. however, this time actually analysts feel that things are a little different from what they were in 2718. for one, there is more acceptance for digital currencies and even central banks a

bitcoin, pure speculation. nevertheless, let's try to shed some light on the story where the date of his financial correspondent ashutosh pandey in a frankfurt asked us, is it only profit taking that's driving down the price here? well chris, i just to go from where that report left, it's very difficult to say anything with certainty when it comes to bitcoin. so you have purely speculation, but it just looks like it's been profit booking by investors. it's not unusual to see correction before an asset class is trying to reach a milestone sober. have this is the investors who are trying to book the profits and hence we're seeing this correction. and they've been also negative commentary from analysts who are tracking bitcoin. they felt that the bitcoin was overbought and perhaps it could fall to $14000.00. and another reason that people are actually mentioning is the fact that perhaps the u.s. is thinking of some tighter regulations around crypto currencies. and that could be a negative sentiment that could be actually driving the sentiment down if i could go on is concerned as to touch this sharp drop in value isn't lim