However, it returned a few hours later to values over 30 thousand dollars. Ethereum also fell 8.32% to $ 1,833.
The price of bitcoin fell below $ 30,000 on Tuesday, eliminating almost all of this year’s rise as regulators are stepping up pressure on the world’s largest digital asset.
Bitcoin fell to $ 29,026 according to Coinmetrics data and lost over 50% of its value from the record $ 63,000 recorded during April.
China one of the most important markets has launched an anti-cryptocurrency campaign blocking not only transactions but also their digging into the country.
However, it returned a few hours later to values over 30 thousand dollars. Ethereum also fell 8.32% to $ 1,833.
Currently all bitcoins in circulation are worth $ 579 billion.