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WTF HAPPENED TO BITCOIN? HUGE CRASH EXPLAINED....Bitcoin price crashed from $45, to $41, This drop of % triggered nearly $ million in positions to be liquidated, according to data. Strong U.S. dollar triggers selling pressure in crypto. Trading volumes across the crypto market have taken a hit due to a number of factors. Crypto Crash May Have Started with Derivatives Crypto sank into the red on Thursday morning as derivatives traders began liquidating hundreds.