What's going on with the price of bitcoin? Down to $4,447 now

Now I'm just confused about the price of bitcoin. I know it was going down a little bit, but now it's down to $4,447????? How did that happen? Now it's gone down by 9.19% in the last 24 hours. I'm not sure if there's some type of news that caused this, but this is just crazy. Now we'll see what happens and if the price is going to be able to recover.