Bitcoin neared the closely watched price threshold of $30,000 as it continues to retreat from the record highs reached during a furious rally over the past two months. The world’s largest cryptocurrency traded at about $31,350 in Asia on Friday, after a slide of almost 11% a day earlier. Commentators have cautioned that a sustained drop below $30,000 could presages further losses in the wake of last year’s 300% surge. “This level looks very vulnerable and a break below it is bad news in the near-term for Bitcoin and cryptos in general,” Craig Erlam, senior market analyst at Oanda Europe, wrote in a note Thursday. “I ... (full story)