The world's largest cryptocurrency fell as much as 6.4 per cent.
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.
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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.
Australian Associated Press