Bitcoin price was gaining pace towards $10000 after last week drop as things were looking calm when google decided to take a harsh step towards cryptocurrency related ads. Facebook had already banned crypto ads the reason for banning is to secure users from the scam.
Global regularization are also disturbing the crypto market but some harsh steps like google took will have long term affect on the bitcoin market. Many critics have changed there view about bitcoin may be google will also change his approach towards the cryptocurrency.
Bitcoin price is now around $8100 and it needs to stay there otherwise there could be further steep drop in the price of bitcoin. Some billionaires are also giving their views about bitcoin and calling it a bubble at a very critical stage when bitcoin is hot topic around the world.
Bad news seems to have extra power to damage price lately. Hopefully it's not going to continue. I'd like to say things can't get much worse, but I've been wrong about that before.