Credit: Ryan Haines / Android AuthorityTL;DRSpotify is cutting subscription prices by 30% in a key market with an estimated 70 million users.This price cut reverses last year’s price hike.It comes just months after a $1 hike in the US and right around the time Spotify is exploring a similar price hike in Ireland.It’s not uncommon for service providers, such as Spotify, to hike subscription prices without prior notice. After staying at $12 a month for about a year and a half, Spotify recently increased its monthly prices in the US to $13 for the Standard tier. The UK and Europe also saw a £1/€1 price hike last year, and a similar hike is planned for other regions, including Ireland.But in a surprising turn of events, Spotify appears to be reducing its prices by roughly 30% in another key market.