Bitcoin bounces after briefly dipping below $30,000


Bitcoin dropped below the $30,000 level late Monday, breaching a symbolic price threshold before seeing a slight recovery early Tuesday.

At its lowest price point, the world’s most popular cryptocurrency was more than 12% lower on the day — and more than 56% off its November all-time high of around $69,000. It later recovered from those losses and was trading at $31,234.14 onTuesday, according to data from Coin Metrics.

The last time bitcoin traded below $30,000 was in July 2021, when the digital asset traded as low as $29,839.80. Yuya Hasegawa, a crypto market analyst at Japanese bitcoin exchange Bitbank, previously told CNBC that bitcoin would need to maintain a key psychological…


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