Bitcoin and the next dozen largest digital currencies by market cap are down at least 6% in the past 24 hours and all except for one have declined over 12% in the past week. The biggest reason for today’s drop is Facebook posting an update to its Advertising Policy. Its "Prohibited Content" section added the 29th policy titled “Prohibited Financial Products and Services.”
Bitcoin has fallen over $800 today, or 9% to $8,300. After trying to get back to $10,000 a few days ago, it appears that it could break down even further. If it continues to fall, it will probably negatively impact other digital currencies.
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