Bitcoin Drops Below $8,000 As Twitter Bans Cryptocurrency Ads
Bitcoin fell over 7 percent to below $8,000 and is currently trading at $7,962.55 after Twitter announced a ban on cryptocurrency ads following Google and Facebook's crackdown that aims to protect investors from fraud. The digital currency is down more than 42 percent year-to-date after starting this year above $13,000.
Here's how other cryptocurrencies are doing:
Ethereum is trading down -9.68% to $477.92 usd
Ox is trading up 13.06% to $0.688068
Ontology is trading up 10.74% to $1.57
Ripple is trading down 8.97% to $0.592320
Litecoin is trading down -10.53% to $144.73