"Bitcoin ever translucent $ 19,000 more, why Twitter forbids Ads Virtual Currency, Is it because the price of Bitcoin decreased"

Bitcoin ever translucent $ 19,000 more, why Twitter forbids Ads Virtual Currency, Is it because the price of Bitcoin decreased

On Monday March 26, 2018, Twitter announced it would ban virtual currency advertising. This step has previously been done by Google and Facebook to prevent crime rates in initial coin issuance (ICO).

Based on data in Coinbase, this position is much lower than the previous position. Since the beginning of this year bitcoin prices have dropped more than 42 percent. At the beginning of 2018, bitcoin prices are still perched at the level of 13,000 US dollars.

"The news regarding the advertising ban on Twitter appears to be a significant contributor to the sell-off," said Timothy Tam, founder of the CoinFi platform.

The price of virtual currency bitcoin drops at least 7%, perhaps the cause is a wave of regulatory uncertainty for weeks and there is banning advertising by technology companies.

In this year bitcoin prices plummeted after news of the announcement of advertising bans in some technology companies. Bitcoin prices slumped 12 percent by the end of January 2018 after Facebook, the world's second-largest online advertising service provider, said it would ban all ads promoting virtual currency including Bitcoin.

Later, Google announced its financial service update update in March 2018. Google will ban virtual currency ads and related content starting June 2018.

The value of the bitcoin virtual currency briefly hit a record high again, 19,340 dollars last year, but then the value of bitcoin back down more than 20 percent to 15,198 US dollars. based on data from CNBC on the exchange of Coinbase bitcoin, bitcoin value was at the level of 16,260 US dollars.