Bitcoin slumps 7% as investors brace for another bouncy weekend

Digital tokens took a hit on Friday as a growing list of central bankers expressed concerns about their usefulness.

Bitcoin slumped 7% to near $35,500, recalling levels seen in the crypto meltdown last week as traders brace for fresh volatility over the long weekend. Prices across digital tokens took a hit as Bank of Japan Governor Haruhiko Kuroda joined a growing list of central bankers expressing skepticism about the industry’s usefulness in the real world. Now, retail players are set to dominate the coming trading sessions on typically thin exchange volumes.