New Cryptocurrencies Epic Drop Below $8,000! Here’s How Google Crashes Bitcoin, Ethereum and All Market

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Bitcoin, , and all other top cryptocurrencies are continuing their downward slide in the last 24 hours and you can blame Google.

Stay with Nexter.org to know the details.

What has happened?

Crypto owners lost their sleep again after the prices dropped again on Tuesday, according to CoinMarketCap.

Bitcoin is currently trading at $7,951, a 13.4 percent decline, while is at $592, a 14.6 percent drop.

bitcoin-price-photo

Source: CoinMarketCap

Reasons

On Wednesday, Google announced it will ban cryptocurrency-related ads on its AdWords platform starting June.

Trey Ditto, the CEO of crypto-specialist PR firm Ditto, said in an email on Wednesday evening: “Today’s decision to ban ads on Google feels like they’re throwing the baby out with the bath water.

“We use Facebook and Google to educate potential investors and users about a range of topics and opportunities. I worry this punishes the good actors in this fast-growing space and will thus hurt the consumers and investors who are looking for information to make smart crypto investment decisions.”

Chris Keshian, CEO of Apex Token Fund, took a more optimistic view, saying in a statement: “Banning is simply a ‘pause’ button as organisations tease out better ways to regulate an asset class that they are in the process of understanding.

“This won’t be the last ban but, in time, we expect to see some of these restrictions lifted, as more meaningful regulations come into force.”

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Summary
Here’s How Google Crashes Bitcoin, Ethereum and All Cryptocurrency Market - Epic Drop Below $8,000
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Here’s How Google Crashes Bitcoin, Ethereum and All Cryptocurrency Market - Epic Drop Below $8,000
Description
Bitcoin, Ethereum, and all other top cryptocurrencies are continuing their downward slide in the last 24 hours and you can blame Google. Stay with Nexter.org to know the details.
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