Bitcoin slumped to the lowest level in more than a month after Google said it will ban online advertisements promoting cryptocurrencies and initial coin offerings. Industry officials also said at a Congressional hearing that U.S. regulators need to provide greater clarity.
The world’s biggest digital currency by market value dropped as much as 9.1 percent to $8,238, the lowest price since Feb. 12, as Alphabet Inc.’s Google announced Wednesday that the restriction would be effective in June.
