Expert: the reason for the decline in cryptocurrency rates is the ban on advertising in Bing
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The negative news background of the last week continues to pull the cryptomarket behind it. Of the highlights that don’t allow «bulls» get the upper hand, we can highlight the negative statements of Warren Buffett about bitcoin, which was joined by Bill Gates. The capital movements of the notorious Nobuaki Kobayashi (Mt.Gox) hang like a shadow over the market.
Despite the continued decline, there is still hope. According to past years, the Consensus conference is a powerful impetus for market growth. In 2018, a record number of specialists from all over the world take part in it, which simply obliges «bulls» come out of the shadows.
— Many crypto investors and ICO market participants were surprised by the sudden drop in the rate of cryptocurrencies and market capitalization. The reason there was news about the ban of advertising by the Bing search engine from Microsoft.
According to the company, the virtual asset market is unregulated and therefore can be dangerous for consumers..
In mid-March, we witnessed a situation when, when the news about Google’s ban on advertising of cryptocurrencies and ICOs appeared, market capitalization significantly decreased and the cost of cryptocurrency assets decreased..
Despite the fact that the news of the Consensus 2018 conference itself could not maintain market stability, I agree with the experts in the field of financial analytics that the conference will have a positive impact, and in the near future we will see a recovery in the cryptocurrency market, — told BitCryptoNews Artem Romanyuk, head of the business development department ICO Brothers.
At the moment, the price of bitcoin (BTC) is hovering at $ 8.4 thousand. A break of the $ 7.9 thousand level may be a signal for another sale. The only hope — to the sensational news Consensus. Follow our news and analytics in order not to miss a signal to enter the market.
Earlier we wrote about a discussion about which is better: ASIC or GPU, as part of Consensus 2018.
text: Evgeniya Likhodey, photo: Shutterstock