No currency or commodity stands by itself. Bitcoin is no exception to this rule. We all know why you so desperately want bitcoin to stand by itself. It's not gonna work. When compared to USD, EURO, Gold, or Silver, BTC really deflated in value for more than a year now.
Did bitcoin really deflate though? If you look at Mt Gox the price appears to have been artificially inflated and has been undergoing a long and painful price correction. Where would the price be if Gox was never a factor?