Wanna know why? Because bitcoin and cryptocurrencies are currently fucking volatile. It has been volatile since it was first being traded on exchanges, and it will continue to be volatile for years and years and years to come. Because that's how the fucking market works for young, speculative, and low liquidity assets like bitcoin.
There. That should answer all the why bitcoin crash questions today, and for years to come. So stop asking this stupid redundant question. kthxbye
Totally right. The volatility is absolutely normal. People often expect a market which goes only up, but that's not possible. Beyond that the drops in the last Bull Run were even stronger. For all long term investors a short term drop shouldn't be a problem or a reason to worry about.