Some of the reasons that bitcoin fell were the influence of the sharks they manipulated to make the price of bitcoin as well as eth's influence on the market and we always believed that bitcon would be fast. price recovery
You know in every market, we are always busy as retail traders and investors, dancing to the tune of the whales and there is absolutely little anyone can do about it. They are the market makers, they move it based on how the market is, but in every situation of the market, they are always making the bucks whether we all like it or not, while we are just trying to anticipate the next possible move they might likely be making. Prices have not only fallen down because of institutional manipulation but at a result of greed in the market which we all know happened late last year and has now resulted to the market trying to tap out the weak hands.
although there is a lot of good news, but the sport of bitcoin cannot recover in such a fast time, and now it is the case.
A positive news need to be much stronger to impact the bitcoin markets. Anything like some government approves BTC payments or some big companies start accepting then we may see the trend change. We need to be passionate so that we may pass this hard time.