Topic: Current Market state - page 8. (Read 812 times)

That's one of the reason but we cannot expect only bad news will be within the market.
It's getting bigger now, we should not only look at the price, the adoption still at a great rate and once people were already in the space and they leave
afterwards, I don't think it's hard for them to invite again. Time will come that everything will turn good and even if there are bans from certain countries, let us not consider that as permanent as it could change as things improve.

Due to stricter rules by several countries related to Bitcoin trading, Bitcoin investors have significantly declined dramatically. Current conditions are inversely proportional to the Bitcoin conditions that occurred at the beginning of last year. So that there was a mass sale by several large investors, especially Bitcoin investors from China

Yes, I think that could happen, because at the moment the price is at $3400 already 1 month. and it is possible that the price will fall to $ 2000 if the price remains as it is now, because indeed there are always 2 possibilities when prices are stable as they are now.

I'm afraid you're right, it will take more for a long time. Everyone hopes for the year 2019, but considering that no one is trying to somehow restore the price, there is little that will come out.

If Bitcoin keeps hovering the 3,500 or 3,000 then potentially it can easily be drag down if it break outs lets hope for a miracle, I don’t wan’t to be negative but I guess this is a long bear battle for all of us long term holders except for swing traders.

Steady decline could be the right word to classify the bitcoin right now,but this isn't the first time the price has been unsteady and it has recovered numerous times likewise.
No one can know if the price will fall further,so debunk such assertions.

With the way bitcoin has been hanging around $3469 I am afraid it is about to drop further as the whole market is in bearish condition.  If Iran ban some cryptocurrencies activities as the op has said then we should expect bitcoin to decline further in some days to come.

It is likely, but still do not leave hope that Bitcoin will start growing in the coming year and we will get at least some profit. But something tells me that I have to endure the bearsmen for a long time.

The current state of the market can actually be described in two words: a "steady decline". Even some experts say that the same bitcoin could fall to 2500.

The news from Iran along with the news that coming from Venezuela, that there is an open military invasion from the US may increase the cryptocurrency market cap. No one wants a war in order to push the prices up, but it is a fact and can be true. We should watch the events closely as there are many variables that may affect the market prices.

Current Market state

During last week the crypto market did not suffer a lot from the price fallout. Overall total market cap is $114 billion, nearly the same as a week ago.

Bitcoin had a tough week as the top coin slid 3.3% this week. The positive fact about Bitcoin is that it still holds itself close to USD 3500.

Ripple (XRP) still holds second place again with a market cap of $12,4 bln but Ethereum still stays in close vicinity. On the top, this week the prices of XRP were at USD 0.333835 and towards the bottom, it quoted USD 0.285888.

SWIFT Reveals Plans to Launch Proof-of-Concept With Blockchain Consortium R3 Major global banking payments network SWIFT announced plans this week to develop a Proof-of-Concept of a gateway that will let blockchain consortium R3 link to GPI (Global Payments Innovation) payments from their platform. According to SWIFT, users of the R3 platform will be able to authorize payments through the new GPI Link, settling GPI payments with the users’ banks, with the credit confirmation reported back to the trade platforms via GPI Link.

Iran Plans Release of Digital Currency With Aim to Avoid US Sanctions
Iran is soon planning to unveil its state-backed cryptocurrency, local sources reported this week. The so-dubbed crypto-rial would potentially serve as a way
for the country to sidestep sanctions, the most debilitating of which is the lack of access of most Iranian banks to the SWIFT payment system. Iran is also
currently reportedly in talks with eight countries to discuss the possibility of using cryptocurrency for financial transactions, but the local sources were unclear if it concerns crypto in general or a state-backed coin. Also this week, Iran released a draft of its crypto regulation plans, noting that some aspects of
crypto would be banned.

Read more news in ICObench Weekly Digest for the week #5 of 2019
➡️ https://icobench.com/digest?utm_source=report