Jasz
VIP Contributor
Cryptocurrencies have been on a roller coaster ride since the beginning of 2018.
At first, the market was flooded with bullishness after Bitcoin hit its all-time high of $20,089 on December 17, 2017. After that, things went downhill and by February 2018, the prices had crashed to $6,000.But then in April, the market got a boost after some positive news regarding regulation. The price rose to $9,000 and seemed like it was going to stay there for a while. That was until Facebook announced its plan to ban cryptocurrency ads on January 30th. The prices fell to $7,700 within a day.
Fast forward to May 2019, and we are still seeing the negative effects of that announcement. Facebook has made it clear that cryptocurrencies are not welcome on their platform in any way. It is ironic since Facebook founder Mark Zuckerberg has plans to launch his own cryptocurrency called Libra. Amidst these huddles Crypto currengies like bitcoin, Etherium, Solana and the likes still increased in price.
Government regulation policies came in Just when we thought Cryptocurrency has come to take over, Bitcoin the leading Crypto and its contemporaries went dip drastically towards the ending of 2021, so many are still hoping there will be a positive result in mid-2022.
At first, the market was flooded with bullishness after Bitcoin hit its all-time high of $20,089 on December 17, 2017. After that, things went downhill and by February 2018, the prices had crashed to $6,000.But then in April, the market got a boost after some positive news regarding regulation. The price rose to $9,000 and seemed like it was going to stay there for a while. That was until Facebook announced its plan to ban cryptocurrency ads on January 30th. The prices fell to $7,700 within a day.
Fast forward to May 2019, and we are still seeing the negative effects of that announcement. Facebook has made it clear that cryptocurrencies are not welcome on their platform in any way. It is ironic since Facebook founder Mark Zuckerberg has plans to launch his own cryptocurrency called Libra. Amidst these huddles Crypto currengies like bitcoin, Etherium, Solana and the likes still increased in price.
Government regulation policies came in Just when we thought Cryptocurrency has come to take over, Bitcoin the leading Crypto and its contemporaries went dip drastically towards the ending of 2021, so many are still hoping there will be a positive result in mid-2022.
