US dollar is a mess, euro is a mess, the whole fiat world is a mess.
And yet bitcoin is in a continuous downward spiral? Give me a break...
It's completely unrelated; Bitcoin is still way too small, untested, and "unsafe" for normal people to use. It's like asking why WOW gold isn't reacting to the recent financial crises.
True, bitcoin is too small, young, and somewhat "untested", but there's no comparison between bitcoin and WOW gold.
Its valuation should follow the direction of physical gold and silver, not in the opposite direction.