Cryptocurrency news

Bitcoin (BTC) $ 65,616.00
Ethereum (ETH) $ 1,922.12
Tether (USDT) $ 0.999925
BNB (BNB) $ 611.20
XRP (XRP) $ 1.35
USDC (USDC) $ 0.999897
Solana (SOL) $ 81.54
TRON (TRX) $ 0.282527
Lido Staked Ether (STETH) $ 2,265.05
Figure Heloc (FIGR_HELOC) $ 1.05
Dogecoin (DOGE) $ 0.093265
WhiteBIT Coin (WBT) $ 48.93
Cardano (ADA) $ 0.277731
USDS (USDS) $ 0.999816
Bitcoin Cash (BCH) $ 462.72
Wrapped stETH (WSTETH) $ 2,779.67
LEO Token (LEO) $ 8.79
Hyperliquid (HYPE) $ 27.20
Wrapped Bitcoin (WBTC) $ 76,243.00
Canton (CC) $ 0.169708
Binance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 0.998762
Chainlink (LINK) $ 8.70
Wrapped Beacon ETH (WBETH) $ 2,466.93
Monero (XMR) $ 332.55
Ethena USDe (USDE) $ 0.999109
Stellar (XLM) $ 0.157567
Wrapped eETH (WEETH) $ 2,465.31
USD1 (USD1) $ 1.00
Rain (RAIN) $ 0.009288
sUSDS (SUSDS) $ 1.08
Hedera (HBAR) $ 0.099760
Dai (DAI) $ 0.999706
PayPal USD (PYUSD) $ 0.999800
Coinbase Wrapped BTC (CBBTC) $ 76,366.00
Litecoin (LTC) $ 54.05
Avalanche (AVAX) $ 8.90
Zcash (ZEC) $ 217.78
WETH (WETH) $ 2,268.37
Sui (SUI) $ 0.899767
Shiba Inu (SHIB) $ 0.000006
Toncoin (TON) $ 1.29
USDT0 (USDT0) $ 0.998824
Cronos (CRO) $ 0.075519
World Liberty Financial (WLFI) $ 0.111222
Tether Gold (XAUT) $ 5,250.60
Polkadot (DOT) $ 1.62
PAX Gold (PAXG) $ 5,280.67
MemeCore (M) $ 1.43
Uniswap (UNI) $ 3.74
Ethena Staked USDe (SUSDE) $ 1.22
Mantle (MNT) $ 0.630848
BlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00
Circle USYC (USYC) $ 1.12
Global Dollar (USDG) $ 0.999916
Falcon USD (USDF) $ 0.997218
Aave (AAVE) $ 112.36
Aster (ASTER) $ 0.691193
Bittensor (TAO) $ 174.60
OKB (OKB) $ 76.35
Pi Network (PI) $ 0.170773
Pepe (PEPE) $ 0.000004
syrupUSDC (SYRUPUSDC) $ 1.15
Sky (SKY) $ 0.067054
Bitget Token (BGB) $ 2.17
Ripple USD (RLUSD) $ 1.00
HTX DAO (HTX) $ 0.000002
NEAR Protocol (NEAR) $ 1.09
Internet Computer (ICP) $ 2.49
Ethereum Classic (ETC) $ 8.63
BFUSD (BFUSD) $ 0.999172
Ondo (ONDO) $ 0.255881
Superstate Short Duration U.S. Government Securities Fund (USTB) (USTB) $ 11.00
POL (ex-MATIC) (POL) $ 0.108438
Gate (GT) $ 6.95
Worldcoin (WLD) $ 0.389174
KuCoin (KCS) $ 8.34
Pump.fun (PUMP) $ 0.001780
Jupiter Perpetuals Liquidity Provider Token (JLP) $ 4.00
Morpho (MORPHO) $ 1.80
Midnight (NIGHT) $ 0.057674
Cosmos Hub (ATOM) $ 1.85
Provenance Blockchain (HASH) $ 0.016200
Jito Staked SOL (JITOSOL) $ 124.46
NEXO (NEXO) $ 0.850274
Ethena (ENA) $ 0.101969
Kelp DAO Restaked ETH (RSETH) $ 2,404.69
USDtb (USDTB) $ 1.00
Kaspa (KAS) $ 0.029912
Binance-Peg WETH (WETH) $ 2,262.26
Spiko EU T-Bills Money Market Fund (EUTBL) $ 1.24
Rocket Pool ETH (RETH) $ 2,631.35
Flare (FLR) $ 0.009338
Official Trump (TRUMP) $ 3.37
Binance Bridged USDC (BNB Smart Chain) (USDC) $ 0.999945
Algorand (ALGO) $ 0.086207
OUSG (OUSG) $ 114.42
Wrapped BNB (WBNB) $ 759.61
USDD (USDD) $ 1.00
Function FBTC (FBTC) $ 76,389.00
Filecoin (FIL) $ 0.992255
Stable (STABLE) $ 0.036077
Render (RENDER) $ 1.41
Aptos (APT) $ 0.939473
Janus Henderson Anemoy AAA CLO Fund (JAAA) $ 1.03
syrupUSDT (SYRUPUSDT) $ 1.11
Ondo US Dollar Yield (USDY) $ 1.11
XDC Network (XDC) $ 0.033897
VeChain (VET) $ 0.007353
Binance Staked SOL (BNSOL) $ 108.24
Beldex (BDX) $ 0.080694
pippin (PIPPIN) $ 0.612601
Arbitrum (ARB) $ 0.099860
Decred (DCR) $ 34.81
Janus Henderson Anemoy Treasury Fund (JTRSY) $ 1.10
Usual USD (USD0) $ 0.997521
Polygon Bridged USDC (Polygon PoS) (USDC.E) $ 0.999720
Jupiter (JUP) $ 0.151742
Solv Protocol BTC (SOLVBTC) $ 76,461.00
GHO (GHO) $ 1.00
Lombard Staked BTC (LBTC) $ 76,491.00
Bonk (BONK) $ 0.000006
A7A5 (A7A5) $ 0.012810
TrueUSD (TUSD) $ 0.998918
clBTC (CLBTC) $ 76,920.00
Stacks (STX) $ 0.259138
Fasttoken (FTN) $ 1.09
EURC (EURC) $ 1.18
Sei (SEI) $ 0.068640
USDai (USDAI) $ 0.999731
Virtuals Protocol (VIRTUAL) $ 0.674682
StakeWise Staked ETH (OSETH) $ 2,419.84
PancakeSwap (CAKE) $ 1.29
Pudgy Penguins (PENGU) $ 0.006768
Kinetiq Staked HYPE (KHYPE) $ 33.97
tBTC (TBTC) $ 70,942.00
JUST (JST) $ 0.047725
Dash (DASH) $ 33.34
WrappedM by M0 (WM) $ 1.00
Kite (KITE) $ 0.231071
Tezos (XTZ) $ 0.383370
Kinesis Gold (KAU) $ 169.25
First Digital USD (FDUSD) $ 0.999292
Ether.fi (ETHFI) $ 0.495508
Curve DAO (CRV) $ 0.242280
Artificial Superintelligence Alliance (FET) $ 0.157353
Mantle Staked Ether (METH) $ 2,455.82
USX (USX) $ 0.999706
Chiliz (CHZ) $ 0.033759
Polygon PoS Bridged DAI (Polygon POS) (DAI) $ 0.999983
c8ntinuum (CTM) $ 0.079542
Resolv wstUSR (WSTUSR) $ 1.13
BitTorrent (BTT) $ 0.00000034
COCA (COCA) $ 1.30
PRIME (PRIME) $ 1.02
Lighter (LIT) $ 1.35
Story (IP) $ 0.959353
Liquid Staked ETH (LSETH) $ 2,406.26
AINFT (NFT) $ 0.00000033
Arbitrum Bridged WBTC (Arbitrum One) (WBTC) $ 76,200.00
LayerZero (ZRO) $ 1.63
ADI (ADI) $ 3.37
Gnosis (GNO) $ 123.77
Kaia (KAIA) $ 0.055157
Wrapped Flare (WFLR) $ 0.009961
Bitcoin SV (BSV) $ 15.67
Aerodrome Finance (AERO) $ 0.337310
L2 Standard Bridged WETH (Base) (WETH) $ 2,266.86
Injective (INJ) $ 3.09
Steakhouse USDC Morpho Vault (STEAKUSDC) $ 1.12
Sun Token (SUN) $ 0.015953
Power Protocol (POWER) $ 1.40
crvUSD (CRVUSD) $ 0.995824
IOTA (IOTA) $ 0.066819
Pyth Network (PYTH) $ 0.049681
Binance-Peg XRP (XRP) $ 1.59
Celestia (TIA) $ 0.319143
Ether.Fi Liquid ETH (LIQUIDETH) $ 2,443.47
The Graph (GRT) $ 0.026125
Renzo Restaked ETH (EZETH) $ 2,421.84
Siren (SIREN) $ 0.381345
JasmyCoin (JASMY) $ 0.005608
sBTC (SBTC) $ 77,039.00
SPX6900 (SPX) $ 0.296982
FLOKI (FLOKI) $ 0.000029
Legacy Frax Dollar (FRAX) $ 0.989975
Jupiter Staked SOL (JUPSOL) $ 115.56
Maple Finance (SYRUP) $ 0.228146
Savings USDD (SUSDD) $ 1.03
Olympus (OHM) $ 17.38
DoubleZero (2Z) $ 0.074536
Lido DAO (LDO) $ 0.299003
Marinade Staked SOL (MSOL) $ 133.18
Optimism (OP) $ 0.119177
Arbitrum Bridged WETH (Arbitrum One) (WETH) $ 2,265.06
Conflux (CFX) $ 0.048393
BTSE Token (BTSE) $ 1.53
Helium (HNT) $ 1.32
Telcoin (TEL) $ 0.002534
Staked Aave (STKAAVE) $ 126.65
AB (AB) $ 0.002431

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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