Bitcoin Dropped

The price of the bitcoin virtual currency dropped at least 7 percent on Monday local time.

The cause is a surge of uncertainty over weeks and advertising bans by technology companies.

Bitcoin traded at the level of nearly 7,886 US dollars or equivalent about Rp 108.3 million.
On Monday, Twitter announced it would ban virtual currency advertising.

This step has previously been done by Google and Facebook to prevent crime rates in initial coin issuance (ICO).

"The news related to the ban (advertisement) Twitter seems to be a significant contributor to the sell-off," said Timothy Tam, founder of the CoinFi platform.

This year, bitcoin prices plummeted after news of an advertisement ban announcement. Bitcoin prices slumped 12 percent by the end of January 2018 after Facebook, the world's second-largest online advertising service provider, said it would ban all ads promoting virtual currency.

Later, Google announced its financial service update update in March 2018. Google will ban virtual currency ads and related content starting June 2018.