Cryptocurrency Ripple in the night from Wednesday to Thursday continues to fall in price as investors react to reports about the decision by Google in June to ban the advertising of crypto-currencies, according to trading data and analysts ‘ comments. On the morning of 15 March, the price dropped to the level of 0,65$, losing 17.3 per cent of the cost per day.
According to CoinMarketCap, as at 20.48 GMT bitcoin was cheaper by 8.05%, to 8,453 thousand dollars. On the stock exchange Bitfinex cryptocurrency has dropped in price by 9.24% to 8,313 thousand dollars, GDAX — 9.59%, to 8,351 thousand dollars.
As for the other cryptocurrencies, bitcoin has fallen in price on 13%, to 7,900 thousand dollars, Ethereum has dropped in price to 588 of the dollar, Bitcoin Cash — 894 dollars. Market capitalization of cryptocurrency, according to CoinMarketCap, is currently 315,95 billion dollars. The share of bitcoin accounts for approximately 42.5% of the total cryptocurrency market.
Earlier Wednesday, Google announced that from June will introduce a ban on advertising virtual currency and related services, including the ICO (initial public offering token), exchange, altcoins, cryptocurrency wallets and trading tips. Such measures have made the company Facebook, which in late January banned the advertising of crypto-currencies, ICO and binary options under the new policy, which implies the suppression of deceptive advertising.
“Today the exchange rate of bitcoin, Ethereum and Ripple continues a moderate decline on the news about Google’s plans to ban advertising of crypto-currencies. Not long ago, Facebook introduced a similar ban, and in the absence of regulation in most countries, the market reacts painfully. Such plans affect the rate, instilling doubt in investors who may perceive them as another advantage to the negative perception of the cryptocurrency,” commented RIA Novosti Alexander Borodich, founder of blockchain platform Universa.
According to IA “PRIME”
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