# BITCOIN PRICE START DOWN.
Hallo steemian, good evening, I hope you guys are fine healthy always and eager to create articles in steemit.
on this occasion I will share a little bit about Bitcoin's decline, Bitcoin recently in January began to decline by 12%, after social media such as Facebook announced it would ban ads on initial coin offerings and cryptocurrency.
the social media says it will ban advertisements for financial products and services that are often associated with misleading or deceptive promotional practices.
a report from the commodity futures trading commission (CFTC) newspaper, on the Bitfinex criptocurrency main exchange and securities securities freeze and Exchange commission on initial coin offerings, on negative sentiment.
the CEO of BKCM, named Briankelly said the crackdown could be a positive side of the digital currency.
Bitcoin's price dropped from above USD 11,000 to below USD 9,000 last week, after a statement by the SEC expanded its oversight of the cryptocurrency exchange.
other than that other cryptocurrenci, or alt-coins move in lockstep stage. The eereereum down about 9% in trade approaching USD 627, according to coindesk Bitcoin cash fell 9.1% from the highest level and traded close to USD 971.
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All of me @danarilmu and thanks thank you for reading.
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