After Twitter Ban, Bitcoin Price falls at $7500

in #bitcoin8 years ago (edited)

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Continuing a depressing week for traders since Twitter confirmed it would ban cryptocurrency advertisements, BTC/USD fell around $7450 and continue to do so.
Major altcoins followed, Ethereum (ETH) hitting $409 at press time to extend monthly losses of over 50%.

On social media, the price commenters continued to struggle for clarity on short-term performance, some suggesting a move back to a far longer-term trend could be both possible and “healthy” for price stability.

Twitter’s move made it the third tech giant to outlaw cryptocurrency advertising in 2018, following Facebook and Google respectively. The knock-on effect on Bitcoin and altcoin prices has been tangible, with BTC/USD at its lowest point this year with the exception of a momentary dip below $6000 Feb. 6.

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