Bitcoin Plunges Below $30,000, Its Lowest Since Late January

Bitcoin plunged 5.8% during the session, reaching its lowest level since late January to below $30,000

Cryptocurrency bitcoin plunged below $30,000 for the first time in nearly five months, weighed down by China’s recent crackdown on cryptocurrencies.

The world’s largest cryptocurrency fell 6.4% to $29,614, its lowest since Jan. 27.

It was down 4.2% by 12:32 GMT.