Bitcoin dips below $30, 000 wiping out its entire 2021 gain

Bitcoin fell below $30, 000 for the first time in five months on Tuesday, nearly wiping of world’s largest crypto currency’s entire 2021 gain.

Bitcoin fell in recent weeks after Tesla CEO Elon Musk’s flagged energy usage fro crypto mining and China ‘s crop down of Bitcoin mining operations.

Bitcoin has dropped 50 per cent from its mid-April 2021, high of $64, 000.