Cryptocurrency news

Bitcoin (BTC) $ 83,173.00
Ethereum (ETH) $ 1,580.96
Tether (USDT) $ 0.999815
XRP (XRP) $ 2.10
BNB (BNB) $ 581.55
Solana (SOL) $ 125.77
USDC (USDC) $ 0.999964
Dogecoin (DOGE) $ 0.161929
TRON (TRX) $ 0.252442
Cardano (ADA) $ 0.634778
Lido Staked Ether (STETH) $ 1,578.10
Wrapped Bitcoin (WBTC) $ 83,280.00
LEO Token (LEO) $ 9.38
Avalanche (AVAX) $ 19.49
Chainlink (LINK) $ 12.51
Stellar (XLM) $ 0.238192
Sui (SUI) $ 2.21
USDS (USDS) $ 1.00
Shiba Inu (SHIB) $ 0.000012
Toncoin (TON) $ 2.85
Hedera (HBAR) $ 0.164187
Wrapped stETH (WSTETH) $ 1,912.02
Bitcoin Cash (BCH) $ 340.59
Litecoin (LTC) $ 77.25
Polkadot (DOT) $ 3.68
Binance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 0.999174
Bitget Token (BGB) $ 4.27
Hyperliquid (HYPE) $ 15.11
Ethena USDe (USDE) $ 0.999375
Pi Network (PI) $ 0.720888
WETH (WETH) $ 1,595.77
WhiteBIT Coin (WBT) $ 27.73
Monero (XMR) $ 203.45
Wrapped eETH (WEETH) $ 1,688.88
Uniswap (UNI) $ 5.31
OKB (OKB) $ 52.95
Dai (DAI) $ 0.999889
Coinbase Wrapped BTC (CBBTC) $ 83,115.00
Pepe (PEPE) $ 0.000007
Aptos (APT) $ 4.84
Gate (GT) $ 22.37
Ondo (ONDO) $ 0.855785
Tokenize Xchange (TKX) $ 33.58
NEAR Protocol (NEAR) $ 2.12
sUSDS (SUSDS) $ 1.05
BlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00
Internet Computer (ICP) $ 5.00
Cronos (CRO) $ 0.084774
Mantle (MNT) $ 0.688285
Ethereum Classic (ETC) $ 15.19
Ethena Staked USDe (SUSDE) $ 1.16
Aave (AAVE) $ 138.21
Bittensor (TAO) $ 241.73
VeChain (VET) $ 0.022555
Render (RENDER) $ 3.72
Kaspa (KAS) $ 0.072579
Cosmos Hub (ATOM) $ 4.09
First Digital USD (FDUSD) $ 0.997833
Ethena (ENA) $ 0.311535
Lombard Staked BTC (LBTC) $ 83,145.00
Fasttoken (FTN) $ 4.04
Official Trump (TRUMP) $ 8.27
Filecoin (FIL) $ 2.48
POL (ex-MATIC) (POL) $ 0.184820
Algorand (ALGO) $ 0.181366
Sonic (prev. FTM) (S) $ 0.484854
Celestia (TIA) $ 2.40
Arbitrum (ARB) $ 0.299009
Jupiter Perpetuals Liquidity Provider Token (JLP) $ 3.71
Solv Protocol SolvBTC (SOLVBTC) $ 83,263.00
Artificial Superintelligence Alliance (FET) $ 0.500894
KuCoin (KCS) $ 10.26
XDC Network (XDC) $ 0.078854
Maker (MKR) $ 1,346.91
Flare (FLR) $ 0.017470
Optimism (OP) $ 0.671502
Jupiter (JUP) $ 0.384320
Story (IP) $ 3.92
Binance Staked SOL (BNSOL) $ 132.11
USDT0 (USDT0) $ 0.999669
Bonk (BONK) $ 0.000013
NEXO (NEXO) $ 1.01
Binance-Peg WETH (WETH) $ 1,578.79
Worldcoin (WLD) $ 0.738415
Stacks (STX) $ 0.612429
EOS (EOS) $ 0.611590
Kelp DAO Restaked ETH (RSETH) $ 1,656.64
Sei (SEI) $ 0.173685
Binance Bridged USDC (BNB Smart Chain) (USDC) $ 0.999902
DeXe (DEXE) $ 14.76
PayPal USD (PYUSD) $ 0.999683
Polygon Bridged USDT (Polygon) (USDT) $ 0.999870
Fartcoin (FARTCOIN) $ 0.793369
Tether Gold (XAUT) $ 3,248.69
Injective (INJ) $ 8.03
Curve DAO (CRV) $ 0.589175
Rocket Pool ETH (RETH) $ 1,794.97
JasmyCoin (JASMY) $ 0.015626
The Graph (GRT) $ 0.078849
Immutable (IMX) $ 0.416259
Solv Protocol xSolvBTC (XSOLVBTC) $ 82,888.00
Movement (MOVE) $ 0.301163
PAX Gold (PAXG) $ 3,258.76
Wrapped BNB (WBNB) $ 581.22
Theta Network (THETA) $ 0.709478
Usual USD (USD0) $ 0.998003
MANTRA (OM) $ 1.03
Arbitrum Bridged WBTC (Arbitrum One) (WBTC) $ 83,056.00
Helium (HNT) $ 3.63
Onyxcoin (XCN) $ 0.019281
Lido DAO (LDO) $ 0.712360
BitTorrent (BTT) $ 0.00000065
GALA (GALA) $ 0.014406
The Sandbox (SAND) $ 0.255710
Stables Labs USDX (USDX) $ 0.997761
Mantle Staked Ether (METH) $ 1,677.87
IOTA (IOTA) $ 0.161363
Jupiter Staked SOL (JUPSOL) $ 138.13
Marinade Staked SOL (MSOL) $ 161.51
Kaia (KAIA) $ 0.098056
Walrus (WAL) $ 0.458633
Bitcoin SV (BSV) $ 28.01
FLOKI (FLOKI) $ 0.000057
PancakeSwap (CAKE) $ 1.87
Flow (FLOW) $ 0.349440
Raydium (RAY) $ 1.87
Jito (JTO) $ 1.68
Honey (HONEY) $ 0.999110
Pendle (PENDLE) $ 3.23
Tezos (XTZ) $ 0.499332
Zcash (ZEC) $ 32.26
Core (CORE) $ 0.511623
TrueUSD (TUSD) $ 0.997769
Renzo Restaked ETH (EZETH) $ 1,661.38
Decentraland (MANA) $ 0.260656
SPX6900 (SPX) $ 0.510746
Pyth Network (PYTH) $ 0.130910
pumpBTC (PUMPBTC) $ 81,468.00
Ethereum Name Service (ENS) $ 14.23
Beldex (BDX) $ 0.068327
Sonic Bridged USDC.e (Sonic) (USDC.E) $ 1.00
Bridged USDC (Polygon PoS Bridge) (USDC.E) $ 0.999984
Kava (KAVA) $ 0.419253
dogwifhat (WIF) $ 0.450396
Ondo US Dollar Yield (USDY) $ 1.10
Telcoin (TEL) $ 0.004705
APENFT (NFT) $ 0.00000043
Avalanche Bridged BTC (Avalanche) (BTC.B) $ 83,087.00
Berachain (BERA) $ 3.90
dYdX (DYDX) $ 0.545348
Binance-Peg Dogecoin (DOGE) $ 0.161638
clBTC (CLBTC) $ 82,560.00
Solayer (LAYER) $ 1.97
Reserve Rights (RSR) $ 0.007284
Grass (GRASS) $ 1.49
USDB (USDB) $ 0.998205
Hashnote USYC (USYC) $ 1.08
THORChain (RUNE) $ 1.14
MultiversX (EGLD) $ 13.86
OUSG (OUSG) $ 110.66
StakeWise Staked ETH (OSETH) $ 1,646.70
eCash (XEC) $ 0.000019
Mantle Restaked ETH (CMETH) $ 1,676.33
Resolv USR (USR) $ 0.999900
tBTC (TBTC) $ 83,000.00
NEO (NEO) $ 5.25
Olympus (OHM) $ 22.53
Compound (COMP) $ 40.47
Starknet (STRK) $ 0.124389
Axie Infinity (AXS) $ 2.25
Virtuals Protocol (VIRTUAL) $ 0.551923
Chiliz (CHZ) $ 0.037463
Stargate Bridged USDC (Berachain) (USDC.E) $ 0.999976
Conflux (CFX) $ 0.069096
uBTC (UBTC) $ 77,106.00
Arweave (AR) $ 5.33
Mantle Bridged USDT (Mantle) (USDT) $ 0.999347
L2 Standard Bridged WETH (Base) (WETH) $ 1,579.11
Super OETH (SUPEROETHB) $ 1,580.26
Aerodrome Finance (AERO) $ 0.420639
ApeCoin (APE) $ 0.421563
Arbitrum Bridged WETH (Arbitrum One) (WETH) $ 1,578.28
Saros (SAROS) $ 0.125774
WEMIX (WEMIX) $ 0.782175
Wormhole (W) $ 0.071828
Polygon (MATIC) $ 0.185074
Brett (BRETT) $ 0.032111
Binance-Peg BUSD (BUSD) $ 0.997399
Ronin (RON) $ 0.514985
USDD (USDD) $ 0.999661
Frax (FRAX) $ 0.999546
Trust Wallet (TWT) $ 0.763265
Pudgy Penguins (PENGU) $ 0.005010
Terra Luna Classic (LUNC) $ 0.000058
Babylon (BABY) $ 0.136204
Plume (PLUME) $ 0.155012
AIOZ Network (AIOZ) $ 0.265503
Infrared Bera (IBERA) $ 3.89
JUST (JST) $ 0.031058
Beam (BEAM) $ 0.005828

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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