The Bitcoin drop could be because of the Bitcoin fork of forks. Bitcoin supply is not scare after it forks. Do u agree ? This time it forked from Bitcoin cash.
There is a lot of speculations around that the forks from bitcoin cash are the things that caused the price of bitcoin to go down due to the kind of hash war that was going on between the two coins. Bitcoin really took a hit right there and then a lot of people started to panic and sell off their coins which just made everything even worse