Is there any reason why the btc price is dropping that much today? Are people scared by the hard fork or why is it dropping?
You're a new guy here. Eventually you will get used to see these big oscillations in the price of bitcoin, since those who have followed closely the performance of bitcoin (and most of the criptomonedas) have been able to witness drops of 10, 20 or 30% in a matter of days. Fortunately, in all previous cases the price of bitcoin always ends up recovering to continue its bullish trend.