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 read an article about Facebook banning Bitcoin Ads and especially ICO projects. As recently there have been a lot of people investing in projects through advertising on the FB, and almost all of them are phishing projects.
No worries guys, This kind of act from facebook wouldn't affect the crypto currency market even they ban all the ads of bitcoin or crypto currency related ads. Facebook may be the biggest names when it comes to social media but it has no impact on the crypto market. There are rumors that facebook is planning to make their own crypto currency for their platform and I think it is connected to the banning of crypto ads.