Bitcoin price falls below $30,000 and makes Bloomberg front page

The news that Bitcoin price fell below $30,000 made the front page of Bloomberg, and the article said that Bitcoin's decline accelerated and the price was close to a three-week low.

Analysts warn that a sustained break below $30,000 could signal further price declines after a 300% surge last year. Craig Erlam, senior market analyst at Oanda Europe, wrote in a report: "This level looks extremely fragile and a break below it would be bad news for Bitcoin and cryptocurrencies in general in the near term. It won't be long before I see a test of $20,000."