South Korea is a big player in Bitcoin market, and all announcements could change the future of Bitcoin. Latest announcement from the South Korean Government was the implementation of new rules of regulating the trading of cryptocurrency in the country.
This means that new regulations wouldn’t allow anonymous trading accounts and could give authorities the ability to terminate the exchange markets.
This caused the price to fell down to $12,000 value, while reaching ATH of $20,089 on 17th of December. Price is back at $14,500 at the time of writing.