Btcoin fell 9 percent on Wednesday after Google announced it would ban advertisements for cryptocurrencies such as bitcoin, as well as related content like trading advice and cryptocurrency wallets. The price of a single bitcoin fell to $8,370.40 early Wednesday, hitting its lowest level since Feb. 13.
The move follows a similar step by Facebook earlier this year. The social networking giant updated its ad policy in January to ban financial products often associated with deceptive practices, including those involving cryptocurrencies such as bitcoin.
While it is showing a decreasing graph, major still believe that it will be 10K dollars in a few months.
