That's to be expected. Many people are driven nowadays of what the mainstream media or government says about Bitcoin, instead of doing their own research. Because of this, FUD could be easily spread out and newcomers into cryptocurrency would quickly believe it. Effectively, this would cause a large sell of coins across the cryptocurrency market.

Any kind of event (whenever good or bad) has a huge impact over Bitcoin's price. Since this year had more negative news about Bitcoin and crypto than positive ones, the bear market hasn't come to an end yet. Whenever it is whales manipulating the market to obtain cheaper Bitcoins, or simply the government pressuring the crypto space, Bitcoin has had a very bad year. Despite this, Bitcoin has been working extensively behind the scenes to become better, faster, and stronger than ever. Several improvements are almost finished, paving the way towards greater success for the pioneer cryptocurrency.

Once the Lightning Network becomes stable and highly functional for the masses, then expect more demand for Bitcoin over the long term. That, alongside with Bakkt, would greatly increase Bitcoin's prices to the moon. Other than that, we might experience the current bear market for a long time. All we could do is just accumulate cheap Bitcoin and store them for the winter. Just my opinion