This drop in the price are based on confusion between Bitcoin and Bitcoin Cash. 

The average Crypto currency speculator does not understand the technical difference  between Bitcoin and Bitcoin Cash. They read in mainstream media about a Bitcoin war and they think it is happening in Bitcoin

The Bitcoin Cash fork has absolutely nothing to do with Bitcoin , but these stupid speculators does not understand that, so they run for the hills at the slightest indication of possible instability.

The fork and the war is applicable to Bitcoin Cash not Bitcoin BTC!!!!!!!!!!!!!!!!!!!!!!!!!!