Have you forgotten that bitcoin already is a volatile digital currency, which is expected to react such way whenever there is a flux or changes on the way of the usual global economy runnings, which is why we have the fundamental analysis, fiat is quite centralized, but bitcoin mostly reacts because of the demand and supply of its network, which some of these economical happenings could cause the shift in one direction than the other, thereby affecting it market price, however, most were only seen as short time effects.