Bitcoin drops to $ 6,100 while the crypto market loses $ 7 billion

The crypto market has lost approximately 7 billion dollars in the last 24 hours, in what seems to be the effects of a minor correction, with the Bitcoin (BTC) slipping to the $ 6,100 support line

On June 26, the cryptoactives were showing a positive performance, after a decline that placed Satoshi's currency below the threshold of $ 5,900, dragging other cryptocurrencies minors Then, the market started a brief recovery that seemed to gain some momentum. However, at 15:06 UTC on Wednesday, June 27, most of the tokens that make up the Top 100 of cryptocurrencies were not able to maintain this momentum.

The digital assets that are kept in the green numbers of the graphics are DigiByte, Nebulas, MaidSafeCoin, MOAC, Emercoin, Kin, Monaco, Fusion, and TrueUSD. But, according to the trend that has formed around, every time the top 10 of cryptocurrencies behaves in a bearish manner, it does not take long until the rest of the tokens follow the same path.

Facebook fails to provoke a bullish race

Although many investors and crypto-enthusiasts expected that the lifting of the veto on cryptocurrency advertising imposed by Facebook , unleash a brief setback in the current trend, the truth is, that the ban had no noticeable effect on the crypto market in the first place.

At the beginning of this year, Facebook became the theme of the week in the crypto community, due to an update of its advertising policies that forbade any type of advertising related to cryptocurrencies - especially those of initial offers of currencies (ICO, for its acronym in English) - in order to avoid any indication of liability for possible losses that may suffer investors to participate in these schemes of fundraising .

At that time, analysts and experts of the cryptographic ecosystem pointed to this measure as one of the triggers of the fall in the market valuation of digital currencies. But, in view of the revocation of this measure, which had no impact on the current trend of virtual assets, it is safe to assume that, even if Facebook had not changed anything at first, the correction of the market would have continued without major alterations for all the Tkknes.

It is worth mentioning that the new policy indicates that cryptocurrency advertisements will be allowed again, but those corresponding to ICOs will continue to be banned from the social platform. However, the giant of social networks has left the door open for a possible revision of the same in the future given the right conditions, according to what was said by the director of product management of Facebook, Rob Leathern.

Now, the big question is whether cryptocurrencies will recover soon or not. Taking a look at the graphs, the low volume of transactions suffered by the crypto market is evident and, unless there is a rebound of these in the next 24 hours, it is most likely that the downward trend continues its course in the short term. We will have to wait to see what tomorrow holds.