Cryptocurrency news

Bitcoin (BTC) $ 92,368.00
Ethereum (ETH) $ 3,152.39
Tether (USDT) $ 0.998990
XRP (XRP) $ 2.08
BNB (BNB) $ 910.51
Solana (SOL) $ 142.99
USDC (USDC) $ 0.999851
TRON (TRX) $ 0.299108
Lido Staked Ether (STETH) $ 3,149.14
Dogecoin (DOGE) $ 0.140560
Figure Heloc (FIGR_HELOC) $ 1.04
Cardano (ADA) $ 0.398264
Wrapped stETH (WSTETH) $ 3,858.80
Monero (XMR) $ 672.69
Bitcoin Cash (BCH) $ 612.37
WhiteBIT Coin (WBT) $ 55.36
Wrapped Beacon ETH (WBETH) $ 3,428.53
Wrapped Bitcoin (WBTC) $ 92,026.00
Wrapped eETH (WEETH) $ 3,422.69
USDS (USDS) $ 0.999373
Chainlink (LINK) $ 13.43
Binance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 0.998845
LEO Token (LEO) $ 9.04
WETH (WETH) $ 3,153.12
Stellar (XLM) $ 0.227094
Coinbase Wrapped BTC (CBBTC) $ 92,291.00
Sui (SUI) $ 1.82
Zcash (ZEC) $ 409.88
Ethena USDe (USDE) $ 1.00
Avalanche (AVAX) $ 13.96
Litecoin (LTC) $ 76.99
Hyperliquid (HYPE) $ 24.50
Canton (CC) $ 0.148973
Shiba Inu (SHIB) $ 0.000009
Hedera (HBAR) $ 0.118061
USDT0 (USDT0) $ 0.998794
World Liberty Financial (WLFI) $ 0.174847
sUSDS (SUSDS) $ 1.08
Dai (DAI) $ 0.999626
Toncoin (TON) $ 1.74
Cronos (CRO) $ 0.100716
Ethena Staked USDe (SUSDE) $ 1.22
PayPal USD (PYUSD) $ 0.999814
Polkadot (DOT) $ 2.18
Uniswap (UNI) $ 5.53
USD1 (USD1) $ 0.999671
Mantle (MNT) $ 0.964200
Rain (RAIN) $ 0.008827
MemeCore (M) $ 1.67
Bittensor (TAO) $ 288.69
Aave (AAVE) $ 171.98
Pepe (PEPE) $ 0.000006
Bitget Token (BGB) $ 3.57
OKB (OKB) $ 115.58
Tether Gold (XAUT) $ 4,608.82
NEAR Protocol (NEAR) $ 1.81
Falcon USD (USDF) $ 0.996273
Jito Staked SOL (JITOSOL) $ 179.27
Ethereum Classic (ETC) $ 12.86
Binance-Peg WETH (WETH) $ 3,154.52
Internet Computer (ICP) $ 3.42
Ethena (ENA) $ 0.225022
PAX Gold (PAXG) $ 4,624.97
Pi Network (PI) $ 0.207174
BlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00
Aster (ASTER) $ 0.713430
POL (ex-MATIC) (POL) $ 0.151445
Jupiter Perpetuals Liquidity Provider Token (JLP) $ 4.84
Worldcoin (WLD) $ 0.589326
Binance Staked SOL (BNSOL) $ 156.60
HTX DAO (HTX) $ 0.000002
Pump.fun (PUMP) $ 0.002644
Circle USYC (USYC) $ 1.11
Global Dollar (USDG) $ 0.999855
KuCoin (KCS) $ 11.20
Aptos (APT) $ 1.88
syrupUSDC (SYRUPUSDC) $ 1.15
Ripple USD (RLUSD) $ 0.999454
Sky (SKY) $ 0.059798
Wrapped BNB (WBNB) $ 910.54
BFUSD (BFUSD) $ 0.998602
Rocket Pool ETH (RETH) $ 3,641.57
Binance Bridged USDC (BNB Smart Chain) (USDC) $ 0.999946
Kaspa (KAS) $ 0.047924
Ondo (ONDO) $ 0.404175
Cosmos Hub (ATOM) $ 2.60
Render (RENDER) $ 2.42
Arbitrum (ARB) $ 0.211311
Story (IP) $ 3.48
MYX Finance (MYX) $ 6.21
Gate (GT) $ 10.31
Algorand (ALGO) $ 0.134517
Provenance Blockchain (HASH) $ 0.021886
Kelp DAO Restaked ETH (RSETH) $ 3,346.60
Filecoin (FIL) $ 1.53
Official Trump (TRUMP) $ 5.53
Midnight (NIGHT) $ 0.066106
VeChain (VET) $ 0.011850
Function FBTC (FBTC) $ 92,215.00
Lombard Staked BTC (LBTC) $ 92,417.00
Solv Protocol BTC (SOLVBTC) $ 92,018.00
NEXO (NEXO) $ 0.968296
Bonk (BONK) $ 0.000011
USDD (USDD) $ 0.999273
Flare (FLR) $ 0.011324
XDC Network (XDC) $ 0.046400
Janus Henderson Anemoy AAA CLO Fund (JAAA) $ 1.02
Mantle Staked Ether (METH) $ 3,413.77
Liquid Staked ETH (LSETH) $ 3,324.83
USDtb (USDTB) $ 0.999607
OUSG (OUSG) $ 113.94
Superstate Short Duration U.S. Government Securities Fund (USTB) (USTB) $ 10.96
Sei (SEI) $ 0.123035
WrappedM by M^0 (WM) $ 0.999876
Pudgy Penguins (PENGU) $ 0.012429
Dash (DASH) $ 59.98
Polygon Bridged USDC (Polygon PoS) (USDC.E) $ 0.999703
Arbitrum Bridged WBTC (Arbitrum One) (WBTC) $ 92,097.00
Stacks (STX) $ 0.392325
Morpho (MORPHO) $ 1.31
clBTC (CLBTC) $ 91,345.00
Jupiter Staked SOL (JUPSOL) $ 166.11
Renzo Restaked ETH (EZETH) $ 3,364.53
Beldex (BDX) $ 0.090935
Jupiter (JUP) $ 0.215474
Ondo US Dollar Yield (USDY) $ 1.10
Virtuals Protocol (VIRTUAL) $ 1.04
Artificial Superintelligence Alliance (FET) $ 0.287466
syrupUSDT (SYRUPUSDT) $ 1.11
USDai (USDAI) $ 0.999787
PancakeSwap (CAKE) $ 1.98
Wrapped Flare (WFLR) $ 0.011318
Optimism (OP) $ 0.338903
StakeWise Staked ETH (OSETH) $ 3,346.60
Polygon PoS Bridged DAI (Polygon POS) (DAI) $ 0.999925
L2 Standard Bridged WETH (Base) (WETH) $ 3,152.49
Tezos (XTZ) $ 0.580411
Curve DAO (CRV) $ 0.413006
Spiko EU T-Bills Money Market Fund (EUTBL) $ 1.22
c8ntinuum (CTM) $ 0.129253
SPX6900 (SPX) $ 0.605592
Arbitrum Bridged WETH (Arbitrum One) (WETH) $ 3,151.86
Kinetiq Staked HYPE (KHYPE) $ 24.77
Usual USD (USD0) $ 0.997809
Lighter (LIT) $ 2.21
tBTC (TBTC) $ 92,046.00
Chiliz (CHZ) $ 0.053064
Injective (INJ) $ 5.40
Lido DAO (LDO) $ 0.627365
Aerodrome Finance (AERO) $ 0.573925
GTETH (GTETH) $ 3,145.95
FLOKI (FLOKI) $ 0.000052
Celestia (TIA) $ 0.579062
GHO (GHO) $ 0.999629
TrueUSD (TUSD) $ 0.998806
First Digital USD (FDUSD) $ 0.999514
Ether.fi (ETHFI) $ 0.757203
Marinade Staked SOL (MSOL) $ 193.32
Fasttoken (FTN) $ 1.09
Ether.Fi Liquid ETH (LIQUIDETH) $ 3,402.03
The Graph (GRT) $ 0.042885
Maple Finance (SYRUP) $ 0.396584
Stader ETHx (ETHX) $ 3,399.05
Coinbase Wrapped Staked ETH (CBETH) $ 3,527.14
Wrapped ApeCoin (WAPE) $ 0.216839
Starknet (STRK) $ 0.086201
Steakhouse USDC Morpho Vault (STEAKUSDC) $ 1.11
JasmyCoin (JASMY) $ 0.008723
AB (AB) $ 0.004468
DoubleZero (2Z) $ 0.121223
IOTA (IOTA) $ 0.098747
BitTorrent (BTT) $ 0.00000042
sBTC (SBTC) $ 91,722.00
Staked Aave (STKAAVE) $ 168.76
USDB (USDB) $ 1.00
River (RIVER) $ 20.47
Ethereum Name Service (ENS) $ 10.48
Sun Token (SUN) $ 0.020791
Conflux (CFX) $ 0.077475
Fartcoin (FARTCOIN) $ 0.396044
JUST (JST) $ 0.039913
Bitcoin SV (BSV) $ 19.80
Pyth Network (PYTH) $ 0.068494
dogwifhat (WIF) $ 0.390501
Wrapped STX (Velar) (WSTX) $ 0.384035
Gnosis (GNO) $ 142.85
Onyxcoin (XCN) $ 0.008814
Trust Wallet (TWT) $ 0.890967
Pendle (PENDLE) $ 2.21
AINFT (NFT) $ 0.00000037
Kaia (KAIA) $ 0.062082
Telcoin (TEL) $ 0.003822
Binance-Peg Dogecoin (DOGE) $ 0.140372
crvUSD (CRVUSD) $ 0.999196
Cap USD (CUSD) $ 1.00
Avalanche Bridged BTC (Avalanche) (BTC.B) $ 92,103.00
EURC (EURC) $ 1.17
Kinesis Gold (KAU) $ 148.61
Olympus (OHM) $ 21.49
Golem (GLM) $ 0.347731

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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