Bitcoin has fallen below $US30,000 for the first time in nearly five months as China’s latest crackdown on cryptocurrencies weighs on the market.

The world’s largest cryptocurrency fell as much as 6.4 per cent to $US29,614 on Tuesday, its lowest since January 27. As of 12.32pm GMT (2232 AEST), it was down 4.2 per cent.

Bitcoin below $30K for 1st time since Jan
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