Is there any reason why the btc price is dropping that much today? Are people scared by the hard fork or why is it dropping?
These drops in price are completely normal. People are just taking their profits along the way when the prices have risen up by too much in a short period of time. If it doesn't happen now that'll just mean it'll happen some other time in the future.
Price has recovered and broken $6k again, which means that we shouldn't be seeing the end of the bull trend any time soon.