The Bitcoin rate continues to fall

The price of Bitcoin fell to 8 000 dollars on Thursday. Only two crypto-currencies from the top 100 – Kin and DigixDAO – could grow against the US dollar, while the rest of 98 held another day in a bearish trend.

On Wednesday, the Bitcoin price fell below 8 000 dollars for the first time since the beginning of February. Currently, the price of the most popular crypto currency is estimated at 8 158 dollars, and the total capitalization is 138 billion US dollars.

In general, the crypto-currency market fell by 26 billion dollars, losing more than seven percent. At present, the total capitalization of the crypto-currency market is estimated at more than 330 billion US dollars. Recall that in January the total capitalization of the crypto-currency market was more than 500 billion US dollars.

The decline was supported by reports that Google will prohibit advertising related to the crypto currency, which will lead to the fact that its advertising policy will correspond to the policy of Facebook, which banned such advertising in January. In addition, US regulators required all exchange resources to be registered.

It is noteworthy that the decline continued, despite the fact that several large FinTech projects, including Square and Robinhood, began supporting the purchase and sale of crypto-currency using their applications, which are already widely used among supporters of the crypto-currency world.

Author: Andrey, analyst Freedman Club Crypto News

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