Bitcoin Slumps in Wake of Chinese New Year Slowdown Warning

Bitcoin Slumps in Wake of Chinese New Year Slowdown Warning

(Bloomberg) — Bitcoin traders appear to be heeding a warning of a demand slowdown ahead of China’s lunar New Year.The largest cryptocurrency slumped as much as 4% to $8,281, while altcoins such as Ethereum Classic tumbled more than 11% to $8.18 in New York trading.Arthur Hayes, co-founder and chief