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The Value Of Bitcoin Drops Below $8,500

This days everybody wants to mine bitcoin, am not left out though. It turns out that the value of bitcoin is falling.

Bitcoin is extremely volatile and has been declining for the past month, falling underneath $8,500 today as financial specialists remain spooked about the eventual fate of digital currencies. As per CoinDesk, Bitcoin opened at $9,052 today and hit a low of $7,695.

Just a few days ago, Facebook announced it would ban advertisements for cryptocurrencies as part of an “intentionally broad” policy against deceptive marketers. (It should be noted that the ban isn’t permanent.)

Still, the mania surrounding cryptocurrencies isn’t completely dead. Samsung announced earlier this week that it is currently in the process of manufacturing processors designed specifically for cryptocurrency mining.

India as of late said it doesn’t view Bitcoin as lawful delicate, Korea is arranging a bill to totally boycott household cryptographic money exchanging, and China is progressively clipping down on computerized monetary forms.

About Michael Iyeyi

Michael Iyeyi, CEO of Alphatekng.com is a humble tech enthusiast, a blogger, and a music freak with passion to impact lives positively.

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