Bitcoin Drops , Below $60K, , Other Cryptos Fall.<br />On Nov. 16, Bitcoin dipped below near-record highs during <br />London time morning trading. .<br />At one point, it hit $58,702 before recovering to around $60,066 at 8 a.m. ET.<br />Ether, which is the second-biggest cryptocurrency behind Bitcoin, dropped to $4,236. .<br />CNBC reports that the cause <br />for the sudden drop is unclear.<br />Many cryptocurrencies hit <br />all-time highs this month.<br />On. Nov. 10, Bitcoin reached $68,990.90. .<br />The next day, <br />ether hit $4,851.<br />Vijay Ayyar, head of Asia Pacific at cryptocurrency exchange Luno, told CNBC that the drop is probably nothing to worry about.<br />I think we’re seeing a healthy pullback after a 7 week rally from 40K to 69K, which is normal in an upward trend, Vijay Ayyar, head of Asia Pacific <br />at cryptocurrency exchange Luno, to CNBC
