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

Representations of the Bitcoin cryptocurrency are seen in this illustration picture taken June 7, 2021. REUTERS/Edgar Su/Illustration/File Photo

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

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