Ether volatility was no wonder for the cryptocurrency market, as this is a perfectly explicable reaction to the news. As cryptocurrency market is very new and is just starting to get really strong, traders will need time to analyze the information and understand how to take it.
Then news on Facebook banning any ads that promote cryptocurrencies and ICO caused a selloff throughout the whole crypto market. This is because Facebook target audience is really huge, and many potential clients and leads for ICO’s and cryptocurrencies came from this social media.

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