Bitcoin cornered

16 March 2018, 13:20 | Economy
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The most popular crypto currency in the world is noticeably cheaper. On Thursday, March 15, the rate of bitcoin for the first time in a month fell below $ 8 thousand. for a unit. On the Coindesk exchange, the cue ball fell to $ 7677, losing 14% of its value. The reason for this collapse was the decision of Google to ban advertising of virtual money on its resources. The ban on the promotion of all speculative and risky financial instruments, including crypto-currency, will come into force in June.

Managing the search engine American holding Alphabet explained this decision by the need for broader measures to combat the sale of new types of financial products with a high level of risk. Thus, Google has followed the footsteps of the world's largest social network Facebook. In January, the company also introduced a ban on advertising crypto-currencies, which had a negative impact on the bitcoin rate. Virtual money is gradually getting cheaper for the second week in a row. During this time bitcoin depreciated by one third. True, today he managed to win back some of yesterday's losses and again exceed the 8-thousand mark. According to the Coinmarketcap resource, at the moment the average price of a cue ball on the world's major crypto-currency exchanges is $ 8215. But the downward movement in the coming days may resume. An additional negative factor for virtual payment means was the statement by the Managing Director of the International Monetary Fund Kristin Lagarde about the need for global regulation of the Crypto-currency market. "Otherwise, this market will be highly criminalized. Regulatory technologies and surveillance technologies can facilitate the expulsion of criminal elements from cryptomir, "said the head of the fund. Joint efforts of countries have already yielded good results. For example, last summer, security services closed the AlphaBay exchange, which sold drugs, weapons and other illegal goods and services, and used crypto assets as accounting units, Lagarde said.. Russian experts are convinced that gradually the world will move in the direction of tightening the rules of circulation of the crypto currency.

Supporters of this approach are the world's largest economies - Germany, France, China and Korea. It is not excluded that the issue will soon be discussed at the highest level. On the other hand, while officials will agree on the rules, the market capitalization of the Crypto-currency may grow even more. A small decrease in the cost of bitcoins, many investors will perceive as a signal to the fact that it's time to go to cryptornics. In this case, the cost of bitcoin, ether, ripple and other currencies will increase significantly.




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