On Wednesday Bitcoin prices dropped nine percent after Google published a news about banning cryptocurrency advertising. In January the second largest online ad provider Facebook, took similar action too by banning those ads related to binary option trading.
According to data from CoinDesk, as of 1:30 p.m. ET Wednesday BTC prices hit a one-month low of $8,252.39 , after starting the day above $9,000,
On Wednesday to its financial services the Tech giant Google announced an important sudden update policy that will restrict advertising for "cryptocurrencies and related content" Action to be taken from June 2018.
In late January Bitcoin fell 12 % after Facebook announced it would ban those ads which are related to "initial coin offerings, binary options, and cryptocurrency." For the safety of financial products and services the social media giant said "that are frequently associated with deceptive promotional practices or misleading content."