Bitcoin fell below US$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 27 January. As of 2.32pm South African time, it was down 4.2%.  — Reported by Thyagaraju Adinarayan, Reuters

  • This is a developing story