The price for bitcoin and other cryptocurrencies have remained on the downward track in the middle of the week amid the reports about crypto advertisement ban by Google.
On the Bitfinex, the major digital currency changed hands at some $ 8,650.00, which quite close to the Sunday bottom at $8,462.00. The top-2 currency Ethereum decreased in price by some more than 4% to $660 on this platform. Ripple fell to $0.73489; Litecoin was seen reaching around $166.78 today.
According to the news reports, the Google mother company stated today that they would ban all advertisements connected with cryptocurrencies beginning from June. For reference, similar measures were taken by Facebook in early 2018.
"We don't have a crystal ball to know where the future is going to go with cryptocurrencies, but we've seen enough consumer harm or potential for consumer harm that it's an area that we want to approach with extreme caution," commented Scott Spencer, Google’s director of sustainable ads.
Traders, in their turn, are now focused on the G20 summit that will take place in Buenos Aires next week. In particular, representatives of central banks and officials are said to meet to talk about cryptocurrency sector, cryptocurrency, money laundering activities and crypto market regulation particularly.