Cryptocurrency news

Bitcoin (BTC) $ 117,528.00
Ethereum (ETH) $ 3,129.70
XRP (XRP) $ 2.91
Tether (USDT) $ 1.00
BNB (BNB) $ 689.04
Solana (SOL) $ 163.86
USDC (USDC) $ 0.999843
Dogecoin (DOGE) $ 0.198764
Lido Staked Ether (STETH) $ 3,126.60
TRON (TRX) $ 0.300111
Cardano (ADA) $ 0.744537
Hyperliquid (HYPE) $ 48.15
Wrapped Bitcoin (WBTC) $ 117,359.00
Sui (SUI) $ 4.08
Stellar (XLM) $ 0.449318
Wrapped stETH (WSTETH) $ 3,777.18
Chainlink (LINK) $ 16.03
Bitcoin Cash (BCH) $ 497.23
Hedera (HBAR) $ 0.230813
Avalanche (AVAX) $ 22.41
Wrapped eETH (WEETH) $ 3,354.20
LEO Token (LEO) $ 8.83
Shiba Inu (SHIB) $ 0.000014
Toncoin (TON) $ 3.10
WETH (WETH) $ 3,130.08
Litecoin (LTC) $ 96.05
USDS (USDS) $ 0.999630
Binance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 1.00
WhiteBIT Coin (WBT) $ 44.35
Polkadot (DOT) $ 4.07
Monero (XMR) $ 334.50
Coinbase Wrapped BTC (CBBTC) $ 117,592.00
Uniswap (UNI) $ 9.38
Pepe (PEPE) $ 0.000013
Ethena USDe (USDE) $ 1.00
Bitget Token (BGB) $ 4.54
Aave (AAVE) $ 326.54
Bittensor (TAO) $ 436.85
Dai (DAI) $ 1.00
Pi Network (PI) $ 0.447017
Cronos (CRO) $ 0.107736
Aptos (APT) $ 5.09
NEAR Protocol (NEAR) $ 2.66
Ethena Staked USDe (SUSDE) $ 1.18
Internet Computer (ICP) $ 5.59
Ondo (ONDO) $ 0.935272
Ethereum Classic (ETC) $ 19.00
OKB (OKB) $ 47.71
Jito Staked SOL (JITOSOL) $ 199.69
BlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00
Algorand (ALGO) $ 0.282821
Pump.fun (PUMP) $ 0.006762
Mantle (MNT) $ 0.711710
Bonk (BONK) $ 0.000030
Kaspa (KAS) $ 0.087613
Ethena (ENA) $ 0.358062
USD1 (USD1) $ 0.999921
Sei (SEI) $ 0.378369
VeChain (VET) $ 0.025129
Arbitrum (ARB) $ 0.433687
Cosmos Hub (ATOM) $ 4.66
POL (ex-MATIC) (POL) $ 0.232256
Pudgy Penguins (PENGU) $ 0.032627
Render (RENDER) $ 3.91
Artificial Superintelligence Alliance (FET) $ 0.744294
Fasttoken (FTN) $ 4.51
sUSDS (SUSDS) $ 1.06
Binance-Peg WETH (WETH) $ 3,132.87
Official Trump (TRUMP) $ 9.48
Worldcoin (WLD) $ 1.08
Gate (GT) $ 15.56
Filecoin (FIL) $ 2.64
Lombard Staked BTC (LBTC) $ 117,507.00
Sky (SKY) $ 0.078259
Binance Staked SOL (BNSOL) $ 173.94
Jupiter Perpetuals Liquidity Provider Token (JLP) $ 4.77
Jupiter (JUP) $ 0.513587
Kelp DAO Restaked ETH (RSETH) $ 3,282.04
KuCoin (KCS) $ 11.59
SPX6900 (SPX) $ 1.59
Rocket Pool ETH (RETH) $ 3,567.04
USDtb (USDTB) $ 0.999705
First Digital USD (FDUSD) $ 0.996157
Celestia (TIA) $ 1.97
USDT0 (USDT0) $ 0.998630
NEXO (NEXO) $ 1.32
Injective (INJ) $ 13.44
Story (IP) $ 4.43
Stacks (STX) $ 0.805832
Fartcoin (FARTCOIN) $ 1.24
Optimism (OP) $ 0.700988
XDC Network (XDC) $ 0.075470
Flare (FLR) $ 0.017446
StakeWise Staked ETH (OSETH) $ 3,289.91
Mantle Staked Ether (METH) $ 3,341.50
Sonic (S) $ 0.357108
Solv Protocol BTC (SOLVBTC) $ 117,530.00
Polygon Bridged USDT (Polygon) (USDT) $ 0.999814
Virtuals Protocol (VIRTUAL) $ 1.68
dogwifhat (WIF) $ 1.08
Renzo Restaked ETH (EZETH) $ 3,290.77
Curve DAO (CRV) $ 0.753308
Liquid Staked ETH (LSETH) $ 3,386.64
Immutable (IMX) $ 0.542154
The Graph (GRT) $ 0.103178
Binance Bridged USDC (BNB Smart Chain) (USDC) $ 1.00
FLOKI (FLOKI) $ 0.000101
Arbitrum Bridged WBTC (Arbitrum One) (WBTC) $ 117,514.00
PAX Gold (PAXG) $ 3,337.57
SyrupUSDC (SYRUPUSDC) $ 1.11
clBTC (CLBTC) $ 118,566.00
Wrapped BNB (WBNB) $ 689.89
Kaia (KAIA) $ 0.153397
Vaulta (A) $ 0.554478
IOTA (IOTA) $ 0.223363
Jupiter Staked SOL (JUPSOL) $ 184.24
PayPal USD (PYUSD) $ 0.999571
PancakeSwap (CAKE) $ 2.44
Theta Network (THETA) $ 0.834029
Tether Gold (XAUT) $ 3,327.42
Marinade Staked SOL (MSOL) $ 214.70
Lido DAO (LDO) $ 0.901880
GALA (GALA) $ 0.017757
JasmyCoin (JASMY) $ 0.016654
Ethereum Name Service (ENS) $ 24.06
Raydium (RAY) $ 2.91
The Sandbox (SAND) $ 0.313409
Tokenize Xchange (TKX) $ 8.83
Aerodrome Finance (AERO) $ 0.848886
Superstate Short Duration U.S. Government Securities Fund (USTB) (USTB) $ 10.75
Pyth Network (PYTH) $ 0.123441
Zcash (ZEC) $ 43.87
OUSG (OUSG) $ 111.81
Saros (SAROS) $ 0.265236
Tezos (XTZ) $ 0.650898
Mantle Restaked ETH (CMETH) $ 3,349.08
MemeCore (M) $ 0.415665
Super OETH (SUPEROETH) $ 3,124.84
BitTorrent (BTT) $ 0.00000069
Stables Labs USDX (USDX) $ 0.998105
Jito (JTO) $ 1.89
Pendle (PENDLE) $ 4.06
Morpho (MORPHO) $ 2.05
Falcon USD (USDF) $ 0.999861
cgETH Hashkey Cloud (CGETH.HASH) $ 3,257.50
Walrus (WAL) $ 0.471657
Mog Coin (MOG) $ 0.000002
Onyxcoin (XCN) $ 0.018724
Flow (FLOW) $ 0.400932
Ondo US Dollar Yield (USDY) $ 1.09
tBTC (TBTC) $ 116,677.00
L2 Standard Bridged WETH (Base) (WETH) $ 3,132.05
Decentraland (MANA) $ 0.315817
Telcoin (TEL) $ 0.006337
AB (AB) $ 0.008685
Usual USD (USD0) $ 0.997871
Solv Protocol Staked BTC (XSOLVBTC) $ 117,079.00
Helium (HNT) $ 3.12
Brett (BRETT) $ 0.057176
Wrapped HYPE (WHYPE) $ 48.10
Core (CORE) $ 0.551662
Avalanche Bridged BTC (Avalanche) (BTC.B) $ 117,733.00
THORChain (RUNE) $ 1.56
Bitcoin SV (BSV) $ 26.81
Staked HYPE (STHYPE) $ 47.96
ApeCoin (APE) $ 0.666437
Arbitrum Bridged WETH (Arbitrum One) (WETH) $ 3,130.69
Conflux (CFX) $ 0.103179
Starknet (STRK) $ 0.146127
Ripple USD (RLUSD) $ 0.999665
Binance-Peg Dogecoin (DOGE) $ 0.198741
BUILDon (B) $ 0.499653
USDD (USDD) $ 1.00
TrueUSD (TUSD) $ 0.997338
Arweave (AR) $ 7.50
Beldex (BDX) $ 0.068672
Maple Finance (SYRUP) $ 0.456457
Reserve Rights (RSR) $ 0.008292
Stader ETHx (ETHX) $ 3,326.67
DeepBook (DEEP) $ 0.193346
Venom (VENOM) $ 0.231199
dYdX (DYDX) $ 0.643065
1inch (1INCH) $ 0.337715
Kava (KAVA) $ 0.430510
Ether.fi (ETHFI) $ 1.22
Compound (COMP) $ 49.19
NEO (NEO) $ 6.52
AIOZ Network (AIOZ) $ 0.385305
Coinbase Wrapped Staked ETH (CBETH) $ 3,456.08
EigenCloud (prev. EigenLayer) (EIGEN) $ 1.43
MultiversX (EGLD) $ 15.81
APENFT (NFT) $ 0.00000045
ZKsync (ZK) $ 0.059393
Axie Infinity (AXS) $ 2.56
eCash (XEC) $ 0.000021
Dog (Bitcoin) (DOG) $ 0.004236
DeXe (DEXE) $ 7.35
Turbo (TURBO) $ 0.006100
Swell Ethereum (SWETH) $ 3,428.05
Circle USYC (USYC) $ 1.09

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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