The Bitcoin falls below $ 7,500 while the prohibition of Twitter causes havoc in the markets
The Bitcoin fell below $ 7,500 on March 29 when the new descending forces almost brought prices back to their lowest levels since November 2017.
A depressing week continues for merchants since Twitter confirmed that it would ban crypto ads on March 26, the BTC / USD fell to $ 7,450 in the Cointelegraph Price Index.
The main altcoins continued, the Ethereum (ETH) reached $ 409 at the time of this press release, in which the monthly losses extended to more than 50%.
Graphic
The Twitter movement made it the third technological giant to ban advertising on cryptocurrencies in 2018, after Facebook and Google, respectively. The domino effect on the prices of Bitcoin and other altcoin has been tangible, with the BTC / USD reaching its lowest point this year, with the exception of a momentary decline below $ 6,000 on February 6.
In social media, price commentators continue to struggle for clarity of short-term results, some suggest that a pullback to a long-term trend could be both possible and "healthy" for price stability.
Well-known industry sources were also optimistic, despite the potential threat of new lows, with different participants pointing to Lightning Network's advances and regulatory improvements as signs that the health of Bitcoin in general was stronger than ever.
Meanwhile, on Twitter, the ban contrasts sharply with CEO Jack Dorsey's constant praise of Bitcoin. As Cointelegraph reported earlier, Dorsey even believes that cryptocurrencies become the "single currency" of both the Internet and the world in just ten years.
Translation by Me
Original Post Credits : https://es.cointelegraph.com/news/bitcoin-drops-below-7500-as-twitter-ban-takes-toll-on-markets
I expect the uptrend will start
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