Well, Bitcoin is back over a Decline of 8200$, after Falling earlier that Day, Bitcoin and other Cryptocurrencies happen under pressure of the past few hours as negative news continues to dampen the cryptocurrency markets with coin fell under an 8000 and ether briefly dropped under $600 after Google said it would Ban cryptocurrency Ads.
So let's check out the details:
Starting from June Google will update the financial services policy restricting the advertisement of contracts for difference rolling spot forex on financial spread that in ads for cryptocurrencies and related content will no longer be allowed this includes initial coin off brains cryptocurrency exchanges, cryptocurrency wallets & cryptocurrency trading advice no lot of people discuss cryptocurrency the especially bitcoin on Reddit firmly enough Reddit has actually been Banning Crypto Ads since it's 2016 but Reddit kept it quiet.
A hearing yesterday called examining the cryptocurrencies and markets was another event that seemed to have an impact on crypto sentiment so let's take a look this was held by a subcommittee of the US House of Representatives financial services committee some Congress members air to their concerns and seems to be pretty skeptical of the crypto world.
Brad Sherman the representative for the district of California said "Cryptocurrencies are a crock they allow a few dozen men in my district to sit in their pajamas all day and tell their wives they're going to be millionaires they sold the intellectual property and trademark of legitimate investing and apply gets to affix fraudulence gambling scheme of no social benefits.
Buhozinga the subcommittee's chairman said of this panel this Congress is not going to sit by idly with a lack of protection for investors the total cryptocurrency market account drops dramatically overnight.
