So as you might have already heard, Facebook has taken a step against crypto ads asking people to participate in ICOs etc. And in the same time, bitcoin value has experienced quite a significant fall.
Is this bitcoin value fall an affect of this ban by FB?
It may not be the only reason but I would say it will surely have some impact on crypt market cap and ICOs as well.
I think Facebook as a whole is just taking steps to ensure that their site does not become a den in which some illegal activity might seep through. I have heard some rumors that some ads with bitcoin or other cryptocurrency coins are being set up by some people who make people invest on it and then one way or another uses the money invested to
Install a ponzi scheme.