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.
Facebook is already regulating the advertisement of Bitcoin or any other ICO and cryptocurrency. It is taking an action since there are a lot of ICO scams nowadays. I believe Facebook is just doing the right thing since its only banning those risky and suspicious ICOs. Facebook is still allowing the ads for Bitcoin and other coins as long as they are legit and doesn't violate their policy on advertisement.