Bitcoin's Volatility Continues: Price Drops and Predictions Vary.
Bitcoin and other cryptocurrencies are experiencing a short-term price drop due to regulatory pressures. The price of Bitcoin has fallen 2% over the past 24 hours to $28,100, falling further from the psychologically important $30,000 level. Traders remain bullish, but big bets on a rebound may hurt prices in the short-term. The $30,000 zone is viewed as key because it's where prices stood last June before a selloff across cryptos accelerated into a brutal bear market.