To say that it had slumped is a bit of an exaggeration since it barely dumped Bitcoin's value, and to top it all off, for only a short matter of time. Goes to show that people have become smarter and learned to pick which news to focus on and which to shrug off. That being said this is a taste of the things to come and would signify that bitcoin will not be fazed by any negative news coming from China moving forward.
Slumps is a big word, bitcoin is doing just fine so I really don't see how the Chinese ban made a difference, people has learned overtime that if China is involved, it's better if you don't panic at all because things will eventually smooth out.
Exactly. Bitcoin bounced back a few days prior to the said news and the dump following it so it means that neither was the news that impactful nor was it a slump. If it were a slump we would've seen a much disastrous drop in price. Regardless if it were a dump or a slump, good investors will see opportunity in red situations like these.