NEW YORK (BLOOMBERG) - Bitcoin whipsawed investors by tumbling below US$30,000 for the first time since January and erasing gains for the year before recouping the day's losses. The original cryptocurrency closed out the New York trading session on Tuesday (June 22) marginally higher at around US$32,900, after falling as much as 12 per cent. The wild ride continued subsequently, since Bitcoin trades around the clock, with the digital token tracking slightly lower again. It has lost more than 50 per cent from its mid-April high of almost US$65,000. The coin started 2021 trading around US$29,000 following a fourfold increase last year. Such trading signals "that Bitcoin traders could find themselves in choppy waters for weeks to come", said Mr Sean Rooney, head of research at crypto asset manager Valkyrie Investments. Chart-watchers said Bitcoin, which failed to retake US$40,000 last week, could have a tough time finding support in the US$20,000 range following its drop below US$30,000. Still, Bitcoin had prior to Tuesday breached US$30,000 during at least five separate instances this year but recuperated to trade above that level each time. "Any meaningful break below US$30,000 is g...