Bitcoin sinks below $30,000 for first time since January

China's crackdown has also had a dramatic effect on bitcoin mining

  
Small toy figurines are seen on representations of the Bitcoin virtual currency displayed in front of an image of China's flag in this illustration picture, April 9, 2019.

Small toy figurines are seen on representations of the Bitcoin virtual currency displayed in front of an image of China's flag in this illustration picture, April 9, 2019.

REUTERS/Dado Ruvic/Illustration
LONDON, June 22 (Reuters) - Bitcoin fell below $30,000 for the first time in nearly five months as China's latest 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 down 4.2%.

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


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