Bitcoin and the virtual currency market in general have recently experienced strong price fluctuations. One of the reasons why the cryptocurrency market has fluctuated recently is because investors are worried that the US Federal Reserve (FED) will continue to pursue a plan to tighten monetary policy. The virtual currency market is also being negatively affected by the tension between the EU and Russia and the unpredictable developments of the COVID-19 pandemic.
Pandemic unpredictable developments seems like not to be part of the decline because we have already Moved on about Covid matter months ago and what is continuing to happen is not enough to make a significant effect in the market now.
What we must look at is the on going war in Russia and Ukraine in which US is seemingly near to partake and that is what matters in this market and out.
I don't know if you're new to bitcoin but it's not the first time (and it won't be the last) that the bitcoin price drops,its a simple bear and bull market cycles and it happens all the time.
It is indeed that Bear seems to be Normal but there are of course reason behind every fall and that is what we must understand .