Bitcoin Price Watch – BTC/USD Rallies Back To $8,500

Bitcoin Price Watch

This week, Bitcoin price saw a continuous decline thanks to multiple new developments in the industry that could spell tighter rules against cryptocurrencies. This was highlighted by Google’s proposed ban on crypto advertising on its platform, similar to the restrictions set by Facebook in January that took the coin’s price down by 12%.

However, some say that tighter regulations in the long term are good for the industry since they would “weed out” misleading or deceptive promotional practices. Hence, any pullback in cryptocurrency prices could be momentary.

Moreover, the BTC price drop experienced recently …

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