Why did the bitcoin price crash?

Could you elaborate on the potential reasons behind the recent crash in Bitcoin's price? Was it due to a sudden loss of investor confidence? Did regulatory pressures or economic downturns contribute significantly? Was there an excessive supply of Bitcoins entering the market, resulting in a price correction? Or was it a combination of these factors, along with other unforeseen variables? Understanding the root causes is crucial in predicting Bitcoin's future movements and informing investment decisions.