More Bad News, Push Bitcoin Value Below $9000

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Screenshot 5 - More Bad News, Push Bitcoin Value Below $9000The Bitcoin prices lasted on a monthly basis because the money fell below $ 9,000 for the first time since November. As we publish this article, bitcoin is worth $ 8,700. That is 12 per cent over the 24 hours and 55 percent from the highest level of $ 19,500 in December.

The most recent price reduction comes from growing concerns that the spreading ecosystem system is increasingly spread by scams and other compelling behavior. None of these developments have a specific focus on bitcoins, but the glossary ecosystem is clearly interconnected. All other cryptocurrencies have lost losses in the past 24 hours, and two genuine movements have doubled the value of two digits.

The first part of the bad news this week stating that it restricted cryptocurrency ads on its various platforms.

“We want people to continue to discover and learn new products and services through Facebook ads without fear of scams or quizzes,” write Facebook. Facebook has described the policy as “historically broad” and has “used your retirement property to buy bitcoins” for example of the name of cryptocurrency that would not ignore the policy.

Also, this week, the Trustees Commission and the Exchange announced that a small cryptocurrency project called AriseBank was closed. The project received support from the spokesman Evander Holyfield and said he raised $ 600 million, but the SEC says that the project was wrong.

At the same time, there is a belief about Tether, a crystalline that is linked to the US dollar. It is thought that Tether can be sold for a dollar at any time, but in the last few months, Tether has difficulty accessing the normal bank system and cannot carry out a financial audit which shows its flexibility.

An important number of Bitcoin operators use Tether dollars as the place of the true dollar, so if it is shown to be an infective Tether, this could have a significant impact on the wider encryption economy.

source:    https://arstechnica.com/tech-policy/2018/02/bitcoin-drops-below-9000-in-continued-cryptocurrency-slide/

Seng Mangan

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