Cryptocurrency news

Bitcoin (BTC) $ 108,474.00
Ethereum (ETH) $ 4,354.59
Tether (USDT) $ 1.00
XRP (XRP) $ 2.79
BNB (BNB) $ 853.70
Solana (SOL) $ 198.85
USDC (USDC) $ 0.999803
Lido Staked Ether (STETH) $ 4,344.47
Dogecoin (DOGE) $ 0.214852
TRON (TRX) $ 0.339078
Cardano (ADA) $ 0.812052
Wrapped stETH (WSTETH) $ 5,268.62
Chainlink (LINK) $ 23.17
Wrapped Beacon ETH (WBETH) $ 4,693.40
Wrapped Bitcoin (WBTC) $ 108,665.00
Ethena USDe (USDE) $ 1.00
Hyperliquid (HYPE) $ 43.66
Wrapped eETH (WEETH) $ 4,668.23
Sui (SUI) $ 3.27
Stellar (XLM) $ 0.354756
Bitcoin Cash (BCH) $ 535.62
Cronos (CRO) $ 0.309552
Avalanche (AVAX) $ 23.53
Hedera (HBAR) $ 0.222657
WETH (WETH) $ 4,357.40
LEO Token (LEO) $ 9.50
Litecoin (LTC) $ 109.87
Toncoin (TON) $ 3.13
USDS (USDS) $ 0.999812
Shiba Inu (SHIB) $ 0.000012
Binance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 1.00
Coinbase Wrapped BTC (CBBTC) $ 108,449.00
WhiteBIT Coin (WBT) $ 42.17
Uniswap (UNI) $ 9.69
Polkadot (DOT) $ 3.75
Ethena Staked USDe (SUSDE) $ 1.19
Bitget Token (BGB) $ 4.53
Monero (XMR) $ 261.80
Aave (AAVE) $ 314.21
Dai (DAI) $ 0.999823
Ethena (ENA) $ 0.654605
Pepe (PEPE) $ 0.000010
Mantle (MNT) $ 1.16
OKB (OKB) $ 175.84
Ethereum Classic (ETC) $ 20.87
Bittensor (TAO) $ 322.13
NEAR Protocol (NEAR) $ 2.42
Jito Staked SOL (JITOSOL) $ 244.09
Pi Network (PI) $ 0.369172
Aptos (APT) $ 4.28
Ondo (ONDO) $ 0.904851
USDT0 (USDT0) $ 0.998887
Binance-Peg WETH (WETH) $ 4,356.62
Arbitrum (ARB) $ 0.495941
Internet Computer (ICP) $ 4.85
USD1 (USD1) $ 1.00
POL (ex-MATIC) (POL) $ 0.243888
BlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00
Binance Staked SOL (BNSOL) $ 212.88
Kaspa (KAS) $ 0.084503
VeChain (VET) $ 0.024449
Cosmos Hub (ATOM) $ 4.48
Algorand (ALGO) $ 0.232860
Gate (GT) $ 17.01
Rocket Pool ETH (RETH) $ 4,953.24
sUSDS (SUSDS) $ 1.07
Fasttoken (FTN) $ 4.52
Story (IP) $ 6.50
Jupiter Perpetuals Liquidity Provider Token (JLP) $ 5.36
Pudgy Penguins (PENGU) $ 0.029811
Kelp DAO Restaked ETH (RSETH) $ 4,567.31
Render (RENDER) $ 3.47
Worldcoin (WLD) $ 0.903106
KuCoin (KCS) $ 14.00
Sei (SEI) $ 0.286161
BFUSD (BFUSD) $ 0.999292
Bonk (BONK) $ 0.000022
Official Trump (TRUMP) $ 8.37
StakeWise Staked ETH (OSETH) $ 4,584.02
Artificial Superintelligence Alliance (FET) $ 0.621767
Kinetiq Staked HYPE (KHYPE) $ 43.82
Liquid Staked ETH (LSETH) $ 4,702.45
Filecoin (FIL) $ 2.27
Jupiter (JUP) $ 0.494923
Flare (FLR) $ 0.021183
Lombard Staked BTC (LBTC) $ 108,474.00
Quant (QNT) $ 103.08
Sky (SKY) $ 0.063262
USDtb (USDTB) $ 1.00
Four (FORM) $ 3.73
Polygon Bridged USDT (Polygon) (USDT) $ 0.999817
XDC Network (XDC) $ 0.078874
Renzo Restaked ETH (EZETH) $ 4,596.38
Falcon USD (USDF) $ 0.999996
Mantle Staked Ether (METH) $ 4,667.82
Tether Gold (XAUT) $ 3,443.54
Provenance Blockchain (HASH) $ 0.026486
Injective (INJ) $ 12.95
Pump.fun (PUMP) $ 0.003554
Celestia (TIA) $ 1.63
NEXO (NEXO) $ 1.25
Optimism (OP) $ 0.699771
MemeCore (M) $ 0.721661
PayPal USD (PYUSD) $ 0.999777
Wrapped BNB (WBNB) $ 853.83
First Digital USD (FDUSD) $ 0.997790
Jupiter Staked SOL (JUPSOL) $ 225.68
Solv Protocol BTC (SOLVBTC) $ 108,638.00
Pyth Network (PYTH) $ 0.195211
Stacks (STX) $ 0.619848
Lido DAO (LDO) $ 1.21
Curve DAO (CRV) $ 0.772274
Binance Bridged USDC (BNB Smart Chain) (USDC) $ 1.00
SPX6900 (SPX) $ 1.12
Sonic (S) $ 0.314557
Conflux (CFX) $ 0.195167
Aerodrome Finance (AERO) $ 1.12
Immutable (IMX) $ 0.515133
PAX Gold (PAXG) $ 3,459.57
Super OETH (SUPEROETH) $ 4,353.63
SyrupUSDC (SYRUPUSDC) $ 1.12
The Graph (GRT) $ 0.087983
Saros (SAROS) $ 0.350553
Marinade Staked SOL (MSOL) $ 262.48
Raydium (RAY) $ 3.40
FLOKI (FLOKI) $ 0.000094
Arbitrum Bridged WBTC (Arbitrum One) (WBTC) $ 108,626.00
ether.fi Staked ETH (EETH) $ 4,343.06
Kaia (KAIA) $ 0.147462
PancakeSwap (CAKE) $ 2.48
cgETH Hashkey Cloud (CGETH.HASH) $ 4,224.84
clBTC (CLBTC) $ 109,858.00
L2 Standard Bridged WETH (Base) (WETH) $ 4,354.31
dogwifhat (WIF) $ 0.801558
Pendle (PENDLE) $ 4.69
Vaulta (A) $ 0.492671
Fartcoin (FARTCOIN) $ 0.778728
Tezos (XTZ) $ 0.736780
Theta Network (THETA) $ 0.776910
Ethereum Name Service (ENS) $ 23.21
IOTA (IOTA) $ 0.190787
Virtuals Protocol (VIRTUAL) $ 1.13
GALA (GALA) $ 0.016120
OUSG (OUSG) $ 112.39
Jito (JTO) $ 1.92
Loaded Lions (LION) $ 0.023286
JasmyCoin (JASMY) $ 0.014565
Ripple USD (RLUSD) $ 0.999728
AB (AB) $ 0.009151
BUILDon (B) $ 0.683966
Ondo US Dollar Yield (USDY) $ 1.09
Stables Labs USDX (USDX) $ 0.997592
The Sandbox (SAND) $ 0.272876
Stader ETHx (ETHX) $ 4,641.43
Morpho (MORPHO) $ 1.99
Mantle Restaked ETH (CMETH) $ 4,665.71
Zcash (ZEC) $ 39.80
Arbitrum Bridged WETH (Arbitrum One) (WETH) $ 4,356.01
BitTorrent (BTT) $ 0.00000065
tBTC (TBTC) $ 107,983.00
Flow (FLOW) $ 0.392282
Coinbase Wrapped Staked ETH (CBETH) $ 4,784.35
Usual USD (USD0) $ 0.997900
Swell Ethereum (SWETH) $ 4,712.66
Beldex (BDX) $ 0.076361
Global Dollar (USDG) $ 0.999814
Binance-Peg Dogecoin (DOGE) $ 0.214473
Walrus (WAL) $ 0.383054
Avalanche Bridged BTC (Avalanche) (BTC.B) $ 108,454.00
Decentraland (MANA) $ 0.281640
Vision (VSN) $ 0.164460
Bitcoin SV (BSV) $ 25.87
Maple Finance (SYRUP) $ 0.460830
Ether.fi (ETHFI) $ 1.08
Frax Ether (FRXETH) $ 4,328.84
TrueUSD (TUSD) $ 0.998716
NEO (NEO) $ 6.98
Starknet (STRK) $ 0.126454
dYdX (DYDX) $ 0.618933
Helium (HNT) $ 2.53
Polygon PoS Bridged WETH (Polygon POS) (WETH) $ 4,352.60
Brett (BRETT) $ 0.047315
Solv Protocol Staked BTC (XSOLVBTC) $ 107,190.00
ApeCoin (APE) $ 0.564387
USDD (USDD) $ 0.999798
APENFT (NFT) $ 0.00000045
Mantle Bridged USDT (Mantle) (USDT) $ 0.999763
Reserve Rights (RSR) $ 0.007420
Telcoin (TEL) $ 0.004719
Sun Token (SUN) $ 0.022808
Polygon PoS Bridged DAI (Polygon POS) (DAI) $ 0.999839
ZKsync (ZK) $ 0.060250
Bybit Staked SOL (BBSOL) $ 219.13
Savings Dai (SDAI) $ 1.17
Core (CORE) $ 0.429744
DeXe (DEXE) $ 7.56
THORChain (RUNE) $ 1.19
Bridged USDC (Polygon PoS Bridge) (USDC.E) $ 0.999805
Fluid (FLUID) $ 6.17
Tokenize Xchange (TKX) $ 4.99

BTC Currently Valued at Fair Market Price, Bitcoin Magazine Pro Data Shows

By admin On Aug 27, 2024

At the time of writing, Bitcoin is currently valued at $63,500, deemed a fair market price according to the Bitcoin Cycle Master chart and data from Bitcoin Magazine Pro. The Bitcoin Cycle Master chart integrates on-chain metrics, including Coin Value Days Destroyed and Terminal Price, to assess Bitcoin’s position within its economic cycles. Historically, these cycles occur approximately every four years, aligning with Bitcoin halving events.

The Bitcoin Cycle Master tool analyzes actual economic behavior on the Bitcoin blockchain to determine whether Bitcoin is undervalued, fairly valued, aggressively valued, or overvalued. Presently, the data indicates that Bitcoin is at a fair market value, suggesting a balanced state between demand and supply within the current cycle.

This tool not only identifies periods of increased risk, where transaction behaviors hint at major cycle highs, but also highlights value opportunities during cycle lows. By tracking on-chain transaction patterns, the Bitcoin Cycle Master provides insights into potential future price movements, potentially helping investors make more informed decisions.

Institutions, analysts, and Bitcoin enthusiasts are optimistic about a price increase later in the year, drawing on historical trends where Bitcoin’s value tends to rise many months following a halving event. This sentiment has been further bolstered by recent predictions from prominent figures in the financial sector. Earlier this month, Jan van Eck, CEO of ETF & Mutual Fund Manager VanEck, forecasted that Bitcoin could soar to $350,000, reflecting strong confidence in Bitcoin’s long-term growth prospects.

JUST IN: VanEck CEO says #Bitcoin will be half the total market cap of gold, hitting $350,000 ? pic.twitter.com/KGRi0DGvfJ

— Bitcoin Magazine (@BitcoinMagazine) August 1, 2024

For more detailed information, insights, and to sign up to access Bitcoin Magazine Pro’s data and analytics, visit the official website here.

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