Bitcoin near $8 000 level as investors weigh for Twitter ban
( 0 )
For more news latest update on Crypto Currency ICo events news Free Automated Trading bot & Crypto trading Signals with consistent profit
Signals Performance - https://t.me/premiumclubresults
Bitcoin has lost its value since social media platforms banned crypto currency advertisements.
The largest cryptocurrency was steady at $7,844.25 as of 9:42 am in London, according to consolidated Bloomberg pricing. Twitter Inc. confirmed on Monday it’s banning advertisements for initial coin offerings and token sales on its platform, joining Facebook Inc. and Alphabet Inc.’s Google on the list of tech giants keeping cryptos at bay. Rival coins Ripple, Ether and Litecoin fell.
Since reaching a peak of almost $20,000 in mid-December at the height of the cryptocurrency frenzy, Bitcoin has lost more than half of its value as investors weigh the future of the nascent industry amid intensifying scrutiny. Facebook banned cryptocurrency ads in January and Google said it would outlaw such ads starting in June.
Bitcoin earlier jumped as high as $8,265.87 following a decline on Monday of 8.4%. The digital token has now dropped by about a quarter in March alone.
Also on Monday, Cboe Global Markets Inc., the first US exchange to list Bitcoin futures last year, prodded US securities regulators to consider approving crypto exchange-traded funds in a letter to the Securities and Exchange Commission.