fell below $7500 March 29 as new downward pressure forces prices back to almost their lowest levels since November 2017.
Continuing a depressing week for traders since Twitter it would ban cryptocurrency advertisements March 26, BTC/USD fell to $7450 on Cointelegraph’s .
Major altcoins followed, hitting $409 at press time to extend monthly losses of over 50%.
Twitter’s move made it the third tech giant to outlaw cryptocurrency advertising in 2018, following and 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 Feb. 6.
On social media, the price commenters continued to struggle for clarity on short-term performance, some suggesting a move back to a could be both possible and “healthy” for price stability.
Well-known industry sources also remained upbeat despite the looming potential for new lows, with various participants pointing to advances and regulatory improvements as signs that overall bitcoin health was stronger than ever.
At Twitter meanwhile, the ban with CEO Jack Dorsey’s continued praise of bitcoin. As Cointelegraph , Dorsey even views the cryptocurrency becoming the “single currency” of both the Internet and the world in as little as ten years.
Published at Thu, 29 Mar 2018 11:52:54 +0000
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