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.
Yes, Facebook has banned the promotion of cryptocurrency starting January 30, 2018. Because users have complained about cryptocurrency ads are more spam and fraud. Some people use facebook to do the deceptive work to benefit. Facebook launched this policy may reduce the number of participants in the ICO. But I think price bitcoin will not be much affected this policy of facebook. Many communication channels to promote cryptocurrency.