It is already down because we are in a bear market right now, And because of a sudden exchange that has been hacked the price that is $7000 USD and up crash to $5800 USD we are still in a process of regaining what is lost, I really think that there are people selling their bitcoin and exchanging with some other coin or there are a major panic in the community, And there are a lot of factors involve why the price is so down right now not just because we are in the midst of a bear market.
it makes 0 sense that as a bitcoin holder, you would dump your bitcoins because some shitcoin (namely bancor/ethereum whatever the hell that is) is once again hacked. Who the fuck cares? as a bitcoin holder you aren't effected at all.
Then again I wouldn't be surprised about that. We are surrounded by a bunch of morons in this field. Too many easy triggered noobs holding a bunch of coins in coinbase. They need to be removed.