Bitcoin is a speculative asset.  It doesn't react to news or what fiat is doing.  Investors saw a bad report and took profits.  That's all there is to it.  Over a long enough period of time Bitcoin will outperform fiat due to inflation, but it's not going to be inversely correlated with every quarterly report.  When risky assets become back in favor Bitcoin will do what it does, but in bad times you must remember it is first and foremost a speculative asset (at least for now).