It's cycle dude.
It is very normal for BTC to hit that rate and may be higher. Just see on the market chart. Although probably the news may also give the influence to the BTC price. But mostly, the market has its own change. In this case, never panic every time the price is down or up. But in this case, let's follow the market of BTC and find the chance to make profits every time you make it.
Yes. Bitcoin will be having its own ups and downs in the future. But if you stay put, then you will be rewarded in the end. The trick is not to fell victim to the FUD floating around. Be patient, hold your coins for the long term and ignore the FUD. Bitcoin is something that can never be destroyed. So you may get good returns sooner or later. Only thing that you need to do is to trust the concept of cryptocurrency.