BTC fell 9% following news that google ,the world largest ad provider,is crackingdown on cryptocurrency.
FACEBOOK the second largest online ad provider, took similary action in january by banning ads on 'binary option,initial coin offering and crytocurrency.
some analyst say the bans could be a good thing for the industry over the long term and blame price moves on continuing regulatery uncertainly.
the report of a commodity futures tranding commi9sion subpoena on majore crypto exchange bitfirnex and an security and exchange commisiion emergency asset freze on an initial coin offering addecl to negetive sentiment that day..
despite the news wensday,brian kelly ,CEO of BKCM said the crackdown could be an upside for digital currency
"its good thing for the industry faceboo0k and google ads were always a red flag for me," kelly said" its not having any impact on price"kelly atributed the downward moves to more globle regulatery fears.
"Selling is driven by fear of another china ban, supposedly coming in next 24 hour" kelly said " my view is it will be a nothing burger since china has been banning btc since 2013"
btc one week performance after this...
Seperately , a house financial service subcommited is set to hold a hearing on crypto and itial coin offering wednesday"
btc prices dropped from above $11,000 to below $9,000 last week following A STATEMENT BY SEC THAT EXPANDED ITS SECUTINY TO CRYPTO EXCHANGES AND NEWS OF COMPROMISED ACCOUNT ON A MAJOREHONG KONG BASE BINANCE.
anyway guys which bases all news declared i dont find it and i dont justify its worng news or what and which is the most popular sight google and facebook ddeclared in goole sight how can it possible just which typw new declared by google every one persons drop them thoght any fruad also this is wrong way dear. what u say about this type new from google dear hmmm comment and share this typw news also declared from google shight .