Bitcoin Watchers Running Out of Explanations Blame Slump on Moon

Bloomberg
Bloomberg
Jan 17, 2018 · 2 min read
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Photo by Matt Cardy/Getty Images.

By Camila Russo and Nour Al Ali

If regulatory concerns aren’t enough to explain Bitcoin’s 50 percent slump from its record high reached last month, how about blaming it on the moon?

The Lunar New Year, which marks the first day of the year in the Chinese calendar, is being cited by some as contributing to Bitcoin’s slump as…

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