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WTF HAPPENED TO BITCOIN? HUGE CRASH EXPLAINED....The price of bitcoin, the most popular cryptocurrency, dropped below $16, in November , a year after it reached a record high of $69, This year has. The cryptocurrency's volatility cuts both ways. Bitcoin (BTC) dropped % Monday morning, its steepest intraday drop since mid-August. Unfortunate events and obstacles shook the prices of Bitcoin which led it to crash from $50, to $15, over the year Overall crypto.