How are you doing my dear STEEMIANS ?

This is my new post about actual news in Cryptosphere. Every week i post few cryptocurrency news posts. In this post, i will analyse market and post some cool news from crpyto experts. SO, what's new? ----

Market stats, Bitcoin news

![](https://steemitimages.com/DQmY56PpSUHvdzTfN8UNAHUPNkeCWdXErDfBBReeENjFNVs/image.png) Cryptocurrencies could pass the trillion-dollar value mark , said Jamie Burke, CEO at Outlier Ventures said. Technological advancements and new investors products could push bitcoin to $50,000 in 2018 , said Thomas Glucksmann, from Gatecoin exchange. As you already know, Bitcoin has seen a huge fall in recent days, dropping below $6,000. On Wednesday, it was trading above the $7,000 level and then, the cryptocurrency market stabilized. ![](https://steemitimages.com/DQmbGVtheqCQyRzFXXkmFxajvEb5pAtFMMnZA3yGbWnG14a/image.png)
Right now, BTC price is over $8000. Also, worth to mention, that Bitcoin Cash price has gone up by 24% in last two days. STEEM / SBD are also doing fine :) . ----

We could see BTC up to $50.000 in 2018

![](https://steemitimages.com/DQmS77p3tYC3FPRqfd9TFdtm6MStCLTpDFdm4LfjeVX7ayC/image.png) "Increasing regulatory recognition of cryptocurrency exchanges, the entrance of institutional capital and major technology developments will contribute to the market's rebound and push cryptocurrency prices to all new highs this year. There is no reason why we couldn't see bitcoin pushing $50,000 by December.", said Thomas Glucksmann, head of APAC business development at cryptocurrency exchange, Gatecoin. The technology advancements Glucksmann referenced include bitcoin's so-called Lightning Network, which would boost the very slow transaction speeds using the cryptocurrency. Last year, the CME and CBOE both released bitcoin futures products that people could trade. Another appetizer will be the release of another cryptocurrency backed instrument listed on a major exchange, and there are already several candidates in the pipeline, it's only a matter of time until we have a cryptocurrency backed ETF (exchange-traded fund). ----

Final words

The CEO warned that many of the blockchain projects could be years away and more bubbles could arise. "The revolutionary nature of blockchain technology is what's driving the hype and even though we may be years away from viable blockchain-based assets, we may very well see several more bubbles," , Sherman said.
Also, beside this BTC buble, it's worth to mention that investors may have also focus on so-called "utility tokens" this year, which are digital coins that can power blockchain various technologies. Let's wait and see. ---- Please, comment bellow, what are your toughts about bitcoin price? I upvote every good comment. Let me know in comment what you think. If you have any crypto related questions, feel free to contact me on Discord 24/7, user cryptomonitor#0447 ----

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![](https://steemitimages.com/DQmRVNH1xTFi8DkkWSfjqaEyFUeQxgfqzVfW27c2qufuNik/image.png) I'm in development stage of most coolest project on STEEM - STEEMER.NET for Windows and later Android. Find out more about STEEMER.NET project and tools im developing, reading my weekly work in progress updates @cryptomonitor or latest post on following link: https://steemit.com/adsactly/@cryptomonitor/steemer-net-project-news-app-updates-steem-sbd-crypto-prices-apps-and-tools-part-7-05-02-2018 ----

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