The major cryptocurrency weakened in the midweek. The prices for digital coins have been sliding for the past weeks driven by concerns about the insufficient security of crypto transactions and regulators' actions.
On the Bitfinex, bitcoin dropped to some $6,075, which quite close to some 4-month bottom of $5,787 hit last Sunday. Ethereum on this platform fell down to $429. Ripple prices decreased to 0.46174 and Litecoin weakened to $78.520.
For now, the market capitalization was around $245 billion, against $253 billion a day before.
The first half of the week was marked by some essential reports. Specifically, Facebook stated that it revised its ban on crypto ad. As a result, some advertisers can post ads of crypto exchange services in Facebook. For reference, the major social network banned crypto ad in January, citing that advertisements mislead users. Notably, ICO ads remain banned.
Besides, one of the Apple founders warned yesterday that cryptocurrency and blockchain can be a bubble even despite the observed capacity to use.
“It was a bubble, and I feel that way about blockchain,” he said during the NEX technology conference.