The value of bitcoin is going down due to the news of google about banning cryptocurrency related ads and ICO. But not only that Twitter and instagram according to some articles are also making those actions. Though it is unverified information but it is making a stir on the market thus have played a role on the drop of bitcoins value. But thanks to the news on G20 that says they are going to tackle about the benefits of cryptocurrency, bitcoin has recovered its value and hopefully to climb up more.
That's right, I think it's really the negative news that keeps affecting Bitcoin negatively. It is battering its reputation so much that people are doubting its legitimacy and capacity to rise back up. Since cryptocurrencies, including Bitcoin, is affected in unconventional ways compared to traditional currencies, then every thing can actually have an effect, whether significant or not, to its value.