What Will Be The Impact of Facebook Ban on Cryptocurrency Price

Facebook is the largest platform for any kind of advertisement and promotion with the user base of over 2 billion worldwide. People and companies have been using this to promote their products and services and it is considered to be the best advertising platform which is also a separate line of business itself for facebook.

But recently Facebook announced to ban any sort of advertisement involving any cryptocurrency or ICO, which means no investors from Facebook, and it affected crypto price big time. Bitcoin which is considered a pioneer in virtual money business took a plunge after Facebook announced to ban all the ads promoting crypto. Similarly, the price of all other crypto coins dropped drastically due to the closure of largest advertising platform. Price of Bitcoin dropped to $9,810 after Facebook announced its ban on adverts.

Feel free to send us your opinion in this regard and do you think this ban from Facebook will impact furthermore to the price of crypto coins?