BTC price had a bit of a scary drop earlier. However it is rising again now. This is due to China's government who said you cant CURRENTLY trade BTC with the banks like a real currency. This caused mass panic and selling due to people thinking ' hang on, China is trying to ban/regulate BTC, lets sell! However this was the noob response and actually this is good news by the government. They are effectively coming out and saying they recognize BTC as a legitimate thing and people can carry on trading in exchanges e.t.c like they were before that is all. Just at the time being they don't regard it as a currency