- Bitcoin dropped nearly 7 percent towards $7,000 Sunday following reports that Twitter will follow Google and Facebook’s lead in banning cryptocurrency ads.
- It then recovered, rallying $700 in less than three hours Sunday evening.
- Twitter is reportedly preparing to ban advertising for cryptocurrencies, according to Sky News.
- The reported move would follow similar bans from tech giants Google and Facebook.
Bitcoin prices rallied back by more than $700 in less than three hours during late Sunday trading, capping off a wild weekend that saw the digital currency plunge through $8,000 and even near the $7,000 level.
Prices are still off by 15 percent in the last 7 days, according to Coinbase.