"Regardless, just because South Korea, China, the US and other countries can crush Bitcoin by issuing new regulations and influencing cryptocurrency prices, it doesnt mean they can kill it". The above quote is from the research information I got when I was trying to find out why world government is fighting crypto. Please read the full text here:
https://www.ccn.com/fighting-bitcoin-cryptocurrency-trading-threat-government-policies/ and make your own contributions. It will help cool the nerves from the crypto dip we are experiencing recently. Happy reading. Thanks
Their intention wasn't to make crypto bleed and people to lose money.
They want to regulate exchanges(South Korea, US etc), ICO sells(China) and they want people to pay tax for money they earn from crypto trades. Behind crash were fake news, FUD, and people following those news probably in correct time followed by chinese new year and usual January crash which happens every year.