Bitcoin tests $30K level as cryptocurrency after dropping from $40K

Bitcoin (BTC-USD) drops as low as $29.7K, but recovers to ~$35.8K, according to CryptoCompare data, as cryptocurrency continues to face pressure from several fronts.The largest crypto by market cap sank below $40K overnight.Ether slides 27% to ~$2,454."It felt like we had capitulation this morning," Galaxy Digital founder and CEO Mike Novogratz said on CNBC."Humpty Dumpty never gets put back together in two days when he cracks. It's going to take a while," he added, noting that it will "find a bottom somewhere — I'm hoping it's close to here."Perhaps the bottom was found. MicroStrategy's (MSTR) Michael Saylor tweets that he acquired 111K bitcoins.Meanwhile, there are a slew of crypto-related stocks also enduring the pain in premarket trading — Galaxy Digital (BRPHF) -11%, Silvergate Capital (SI) -10%; Riot Blockchain (RIOT) -12%, MicroStrategy -12%, Marathon Digital (MARA) -12%, crypto exchange Coinbase (COIN) -8.7%.And don't forget the fintechs that now allow users to buy,