BITCOIN prices took a hit today following the shock news Google will ban all cryptocurrency and initial coin offering (ICO) ads on its platform. But why is bitcoin falling today?
Bitcoin (BTC) opened on Thursday at £5,862.42 ($8,196.90), down on its Wednesday opening price of £6,553.61 ($9,144.15).
Analysts have speculated bitcoin took a hit yesterday amid fears Google’s new advertising policies would adversely impact the cryptocurrency.
As of 7.19am GMT today, BTC is exchanging hands for £5,658.66 ($7,911.99), down 3.48 percent, according to CoinDesk.
On Wednesday, Google announced several changes to its “advertising ecosystem”, chief among them updated policies on cryptocurrency.