Today, the most popular cryptocurrency, bitcoin (BTC) dropped below the USD 30,000 threshold for the first time since January, before rebounding sharply. (Updated at 16:28 UTC with the latest market data.) BTC dropped to almost USD 29,150 and it took around two hours to recover above USD 32,000. At 16:23 UTC, BTC trades at USD 32,423 and is almost unchanged in a day.