Current Market state

[ICObench]

Current Market state

During last week the crypto market had a surge in the price of cryptocurrencies that allowed major cryptocurrencies to gain significant momentum and recover from losses. In addition, the total market cap reached $121.3 billion during the last week.

ICObench Weekly Digest #6 is ready, here are the main quotation and insights:

1️⃣ QuadrigaCX is unable to access the company’s “cold wallet” funds on founders encrypted computer

2️⃣ BitTorrent token sales sells out in under 15 minutes, makes over $7 million

3️⃣ Facebook reportedly acquires blockchain startup

4️⃣ Venezuela’s new crypto legal framework

5️⃣ CoinGate enables native Ripple payment option for merchants

Weekly Digest #6 https://icobench.com/digest?utm_campaign=im2019wd06&utm_source=bitcointalk

[mich]

Interesting stats there thanks for them.
Reports of us reaching the 4k$ mark are beginning to surface so dont start selling off just yet.
https://www.coindesk.com/bitcoin-price-pattern-hints-at-short-term-rally-to-4k

[legendster]

I wonder if old torrent giants like TPB or Bitlord would ever get into the token business and why Bittorrent timed their ICO so late?

With so much money raised would they be able to make any significant policy changes when it comes to online privacy?

[reynald70]

Yes, now it can be said that there is a lot of good news coming for the progress of Bitcoin, so that it will have a big impact on the increase in the price of Bitcoin, hopefully there will be more positive news for Bitcoin going forward.

[Shiversnow]

Yes, now it can be said that there is a lot of good news coming for the progress of Bitcoin, so that it will have a big impact on the increase in the price of Bitcoin, hopefully there will be more positive news for Bitcoin going forward.

When the price of bitcoin will increase again? I still keep on waiting in the uprising of the price of bitcoin but still nothing happen it still down. Even I keep on being positive once you see the falling price you will really lose your hope. But once the price of bitcoin will increase again more people will come back in investing.

[romero121]

From every statement in the Op the positive growth of cryptocurrency market and the need for adoption understood by the governments around the world is mentioned. Now the market seems to turn bullish from the long term bearish market. Current market is little fluctuating, upon which this can be used for trading through the difference between time.

[davis196]

How can those news push the cryptocurrency market up?
Facebook might asquire blockchain startups,but that doesn't mean that they are interested into cryptocurrencies.
Bittorrent has a successful ICO,but this will be the first and only successful ICO in the history of ICOs.
The other news don't matter at all.

[thinkpad99]

How can those news push the cryptocurrency market up?
Facebook might asquire blockchain startups,but that doesn't mean that they are interested into cryptocurrencies.
Bittorrent has a successful ICO,but this will be the first and only successful ICO in the history of ICOs.
The other news don't matter at all.

Every good news is one little step on the way to the mainstream. I hope that there will be as many good news as possible, because then cryptocurrencies will be adopted faster. And that's what it's all about.

[bitmedia]

BitTorrent has a very good partner - Tron. I mean even not Tron but Justin Sun. He is really good businessman. Mention how he had promoted and pumped TRX and made investors hold it even on bearish market...
BTT and TRX are looking promising right now...  

[ryzaadit]

BitTorrent has a very good partner - Tron. I mean even not Tron but Justin Sun. He is really good businessman. Mention how he had promoted and pumped TRX and made investors hold it even on bearish market...
BTT and TRX are looking promising right now...  

You also forget about Justin Sun, he a shilling coin. For the right now better to stay away with Bittorent, the fomo it's already too high don't falling in love with that coin. Trading with a fomo chart it's not really good we don't know went the hype its done.

[Alexlax]

5️⃣ CoinGate enables native Ripple payment option for merchants

I see that Ripple is trying to recover and strengthen his position after the latest news about market fraud. But whatever they do, there is not yet a confidence in them, because this is not a cryptocurrency.

[tomahawk9]

4️⃣ Venezuela’s new crypto legal framework

How is this relevant to the current market state? Nothing that happens in that country related to cryptocurrency will have an impact on the market. We're talking about a country over 1million% of inflation, scarcity of food and medicine, and on the brink of collapse from a political and economical point of view.

5️⃣ CoinGate enables native Ripple payment option for merchants

If i'm not mistaken, this news came out last week. You would think that the market was going to react to this news since this is actually pretty big news since more than 4k merchants are using CoinGate, maybe with a small pump in the price, but nothing happened, maybe people don't care anymore about Ripple as a form of payment? Who knows.

[omonuyak]

Current Market state

During last week the crypto market had a surge in the price of cryptocurrencies that allowed major cryptocurrencies to gain significant momentum and recover from losses. In addition, the total market cap reached $121.3 billion during the last week.

ICObench Weekly Digest #6 is ready, here are the main quotation and insights:

1️⃣ QuadrigaCX is unable to access the company’s “cold wallet” funds on founders encrypted computer

2️⃣ BitTorrent token sales sells out in under 15 minutes, makes over $7 million

3️⃣ Facebook reportedly acquires blockchain startup

4️⃣ Venezuela’s new crypto legal framework

5️⃣ CoinGate enables native Ripple payment option for merchants

Weekly Digest #6 https://icobench.com/digest?utm_campaign=im2019wd06&utm_source=bitcointalk

Those are good and powerful news and there ought to be translated into good pricing in cryptocurrencies market generally.  However because of the continuously downfalls the market could not recover much.

[manfredmann]

Bittorrent launch its own token? How possible it really is? Well, I have to check it later on if it is really true for the platform is working already and has only minimal development to do like obtaining the blockchain technology. Good if this is really true. I will be definitely happy to this for I myself uses bit torrent when downloading something very important applications on windows.

[Adriano2010]

So much bad news on crypto at the start of year, but even if these news the bitcoin and other legit crypto not go so much down as maybe other people want to, and now is a good sign that grow and i think will keep growing and can reach over 8000$ in some weeks.

[KennyR]

So much bad news on crypto at the start of year, but even if these news the bitcoin and other legit crypto not go so much down as maybe other people want to, and now is a good sign that grow and i think will keep growing and can reach over 8000$ in some weeks.

I'm not sure whether the price will cross the $8000 within few weeks time period. From my personal view the market is full of positive hope now, which at the starting of the year wasn't experienced much. This is all because of the price increase, when there is some form of growth automatically the users begin to retain the hope bitcoin will recover. This recovery is taking place at some time interval which is the ongoing market situation.

[Xampeuu]

So much bad news on crypto at the start of year, but even if these news the bitcoin and other legit crypto not go so much down as maybe other people want to, and now is a good sign that grow and i think will keep growing and can reach over 8000$ in some weeks.

I'm not sure whether the price will cross the $8000 within few weeks time period. From my personal view the market is full of positive hope now, which at the starting of the year wasn't experienced much. This is all because of the price increase, when there is some form of growth automatically the users begin to retain the hope bitcoin will recover. This recovery is taking place at some time interval which is the ongoing market situation.

the hope and growing our trust in the market today, is that there is resistance in a bearish trend, so it is hopeful that crypto will grow healthily, so that price controls from whales do not occur

[Kevin77]

Quadrica money is definitely gone, that is the bad side of bitcoin world, we are so safe and secure that even after your death nobody could ever crack the code and reach to your wallet, that is the security we want when we are alive and if die unexpectedly there is really no legal way anyone can reach it.

Normally, on fiat people could scam you a lot easily and steal your money (literally just break into your house and take your money or on gunpoint) but if you die than money moves to next of kin, here on blockchain nobody could steal your money from your own wallet (except virus and all that you put on your computer yourself) but when you die nobody could still hack it neither so its safely secure away from any other human. That bitcoin is gone from this world and once again we are further away from 21 million bitcoins at max.

[rizkyhiw]

So much bad news on crypto at the start of year, but even if these news the bitcoin and other legit crypto not go so much down as maybe other people want to, and now is a good sign that grow and i think will keep growing and can reach over 8000$ in some weeks.

I'm not sure whether the price will cross the $8000 within few weeks time period. From my personal view the market is full of positive hope now, which at the starting of the year wasn't experienced much. This is all because of the price increase, when there is some form of growth automatically the users begin to retain the hope bitcoin will recover. This recovery is taking place at some time interval which is the ongoing market situation.

the hope and growing our trust in the market today, is that there is resistance in a bearish trend, so it is hopeful that crypto will grow healthily, so that price controls from whales do not occur

Indeed, hope is very good with the current market conditions, we only take good luck in the future, this is not the end of everything but a benchmark for Bitcoin and all investors, take advantage of what is available and I think it has nothing to do with the Pope they run out of momentum to follow this, I assume that everyone gets better with their trust in the market, that's because of the very good positive trend.

[Ailmand]

If you're stating a reliable fact then we could say that bitcoin growth is going straight to a better path. A lot of us are hoping for the best development for cryptocurrency especially bitcoin and these are good indications that the market is going well. It's positive news for crypto enthusiasts.