Hi I am new here and not used to the volatility

in the price, and will the market recover or is it due to selling during the festive season?

In other commodity trading, drops like this is indicative of a market slump and may result in panic selling. Is this a true reflection or is it normal?
This doesnt need to be asked. Bitcoin is bound to recover no matter how deep it will go. Why does everytime Bitcoin experience major or minor dip, weakhands tends to think that Bitcoin will die?
As far as I know, Bitcoin is suffering today due to regulations from different countries, limiting the usage of Bitcoin and other cryptocurrency trading. Dumps and FUD contributes a little percentage as well.