The cryptocurrency leader crashed again last Tuesday. Bitcoin fell to its lowest level in almost a month, falling below the $30,000 mark.

As regulators continued to push for tighter scrutiny of cryptocurrencies, the world's biggest cryptocurrency lost as much as 5% to $29,300, its lowest level since June 22. Last time it was down 3.6% to $29,720. Smaller cryptocurrencies like ether and XRP, which tend to move in tandem with bitcoin, also lost around 5%. Investors said bitcoin was likely to test the $28,600 level hit last month, its lowest since early January. Bitcoin's fall on Tuesday took its losses for the month to around 15%. It has lost more than half of its value since hitting a peak of nearly $65,000 in April. In recent weeks, bitcoin has been locked in a relatively tight trading range, after investors sold off in May and June following a Chinese crackdown on cryptocurrency mining and trading. .