The cryptocurrency market is taking a pounding

Bitcoin, Ethereum, and all other major cryptocurrencies are continuing their downward slide. The prices of all top 10 coins are down by double-digit percentages in the last 24 hours, according to CoinMarketCap.

Bitcoin is currently trading at $7,951, a 13.4 percent decline, while Ethereum is at $592, a 14.6 percent drop. 

The sell-off is likely a result of an onslaught of bad news for the crypto market, and the continuation of a bearish trend that started in January. 

On Wednesday, Google announced it will ban cryptocurrency-related ads on its AdWords platform starting June.  Read more...