There are number of reasons that led to the price drop, and within certain time interval it gets recovered which is the common thing. In specific there is none to give a perfect reason for the recent price drop, all that happening is unpredictable. At times we see growth at unexpected times. As a beginning the forward push has got initiated with the recent pump above $7500.
Indeed! No single factor that affects the price to fluctuate, it could be due to banning issue, fake information, and more. But I believe that instead of focusing on what causes the drop, it is more important to think positive, think for the better, keep calm, accept the fact that the presence of volatility is always there. It's our response to the situation that matters, it's the patience, the way we take a look at the brighter side even the situation is unfavorable, and our faith that market can soar high again, that it can get back on track.