why would it be? We have no demand, and as if this was not a big problem we still have another problem, I'm talking about the old crypto world problem: "greed and power". Bitcoin Cash's hard fork may be the big one responsible for the price drop we're seeing, because the greedy and power-seeking people are at the center of the fight, these people have the power to affect the price of bitcoin, guys like jihan Wu and Faketoshi (Craig Wright) are people who can affect the price of bitcoin, unfortunately.
But when this bitcoin cash fight calms down we will see the markets recover
" Bitcoin Cash is also suffering at $415 with (-3.56%) "
Bitcoin Cash SV
Price: $118
Bitcoin Cash ABC
Price: $265