LONDON, June 22 (Reuters) - Bitcoin BTC=BTSP fell below$30,000 for the first time in nearly five months as China'slatest crackdown on cryptocurrencies weighed.

The world's largest cryptocurrency fell as much as 6.4% to$29,614, its lowest since Jan. 27. As of 1232 GMT it was down4.2%.

(Reporting by Thyagaraju Adinarayan; editing by Tom Wilson) ((thyagaraju.adinarayan@tr.com; +44 (0) 20 7536 7471; ReutersMessaging: thyagaraju.adinarayan.thomsonreuters.com@reuters.net;Twitter @thyagu))