Cryptocurrency news

Bitcoin (BTC) $ 104,696.00
Ethereum (ETH) $ 2,541.13
Tether (USDT) $ 1.00
XRP (XRP) $ 2.20
BNB (BNB) $ 659.09
Solana (SOL) $ 157.46
USDC (USDC) $ 0.999805
Dogecoin (DOGE) $ 0.193373
TRON (TRX) $ 0.265929
Cardano (ADA) $ 0.690492
Lido Staked Ether (STETH) $ 2,537.94
Wrapped Bitcoin (WBTC) $ 104,660.00
Hyperliquid (HYPE) $ 32.94
Sui (SUI) $ 3.27
Wrapped stETH (WSTETH) $ 3,057.53
Chainlink (LINK) $ 14.15
Avalanche (AVAX) $ 20.94
Stellar (XLM) $ 0.267035
Bitcoin Cash (BCH) $ 416.91
LEO Token (LEO) $ 8.62
Toncoin (TON) $ 3.14
Shiba Inu (SHIB) $ 0.000013
USDS (USDS) $ 0.999738
Hedera (HBAR) $ 0.168440
WETH (WETH) $ 2,541.82
Litecoin (LTC) $ 87.64
Wrapped eETH (WEETH) $ 2,712.93
Polkadot (DOT) $ 4.10
Binance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 0.998374
Monero (XMR) $ 323.76
Bitget Token (BGB) $ 4.73
Ethena USDe (USDE) $ 1.00
Pepe (PEPE) $ 0.000012
Pi Network (PI) $ 0.649319
Coinbase Wrapped BTC (CBBTC) $ 104,754.00
WhiteBIT Coin (WBT) $ 31.28
Dai (DAI) $ 0.999839
Aave (AAVE) $ 253.23
Bittensor (TAO) $ 429.84
Uniswap (UNI) $ 6.13
Cronos (CRO) $ 0.107676
Ethena Staked USDe (SUSDE) $ 1.18
OKB (OKB) $ 50.41
Aptos (APT) $ 4.77
Jito Staked SOL (JITOSOL) $ 189.77
NEAR Protocol (NEAR) $ 2.43
BlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00
Ondo (ONDO) $ 0.837934
Tokenize Xchange (TKX) $ 32.72
Internet Computer (ICP) $ 4.90
Ethereum Classic (ETC) $ 17.07
sUSDS (SUSDS) $ 1.05
Gate (GT) $ 19.25
Mantle (MNT) $ 0.675122
Official Trump (TRUMP) $ 11.32
Kaspa (KAS) $ 0.085201
USD1 (USD1) $ 0.997816
VeChain (VET) $ 0.024355
Render (RENDER) $ 3.88
Artificial Superintelligence Alliance (FET) $ 0.766526
Cosmos Hub (ATOM) $ 4.36
Lombard Staked BTC (LBTC) $ 104,515.00
POL (ex-MATIC) (POL) $ 0.214906
Fasttoken (FTN) $ 4.44
Ethena (ENA) $ 0.307614
Worldcoin (WLD) $ 1.15
Filecoin (FIL) $ 2.58
Algorand (ALGO) $ 0.196374
Arbitrum (ARB) $ 0.343321
First Digital USD (FDUSD) $ 0.999834
Jupiter Perpetuals Liquidity Provider Token (JLP) $ 4.46
Jupiter (JUP) $ 0.530940
Binance-Peg WETH (WETH) $ 2,534.69
Celestia (TIA) $ 2.23
KuCoin (KCS) $ 11.27
Binance Staked SOL (BNSOL) $ 165.02
Virtuals Protocol (VIRTUAL) $ 2.09
USDT0 (USDT0) $ 1.00
Bonk (BONK) $ 0.000017
Sonic (S) $ 0.395286
NEXO (NEXO) $ 1.24
Rocket Pool ETH (RETH) $ 2,891.22
Injective (INJ) $ 12.23
Kelp DAO Restaked ETH (RSETH) $ 2,649.54
Story (IP) $ 4.15
Stacks (STX) $ 0.747966
Flare (FLR) $ 0.017339
Optimism (OP) $ 0.657957
Fartcoin (FARTCOIN) $ 1.10
Sei (SEI) $ 0.194179
Immutable (IMX) $ 0.554456
Binance Bridged USDC (BNB Smart Chain) (USDC) $ 0.997104
EOS (EOS) $ 0.650047
Solv Protocol BTC (SOLVBTC) $ 104,393.00
XDC Network (XDC) $ 0.060261
SPX6900 (SPX) $ 1.02
Mantle Staked Ether (METH) $ 2,710.87
The Graph (GRT) $ 0.096140
PayPal USD (PYUSD) $ 0.999494
Curve DAO (CRV) $ 0.669552
Maker (MKR) $ 1,576.63
Arbitrum Bridged WBTC (Arbitrum One) (WBTC) $ 104,523.00
Polygon Bridged USDT (Polygon) (USDT) $ 1.00
Wrapped BNB (WBNB) $ 657.59
StakeWise Staked ETH (OSETH) $ 2,661.82
dogwifhat (WIF) $ 0.856391
Renzo Restaked ETH (EZETH) $ 2,669.81
Jupiter Staked SOL (JUPSOL) $ 175.15
FLOKI (FLOKI) $ 0.000086
clBTC (CLBTC) $ 105,277.00
DeXe (DEXE) $ 14.26
Tether Gold (XAUT) $ 3,294.83
Zcash (ZEC) $ 50.33
PAX Gold (PAXG) $ 3,302.34
Lido DAO (LDO) $ 0.852751
Theta Network (THETA) $ 0.761941
JasmyCoin (JASMY) $ 0.015531
Marinade Staked SOL (MSOL) $ 204.33
GALA (GALA) $ 0.016714
PancakeSwap (CAKE) $ 2.30
Raydium (RAY) $ 2.52
Core (CORE) $ 0.710159
Ethereum Name Service (ENS) $ 20.99
IOTA (IOTA) $ 0.181335
Pyth Network (PYTH) $ 0.118367
BitTorrent (BTT) $ 0.00000069
Stables Labs USDX (USDX) $ 0.999984
The Sandbox (SAND) $ 0.273079
OUSG (OUSG) $ 111.26
Bitcoin SV (BSV) $ 33.57
Solv Protocol Staked BTC (XSOLVBTC) $ 104,165.00
Pendle (PENDLE) $ 4.04
Walrus (WAL) $ 0.493866
Pudgy Penguins (PENGU) $ 0.010195
Usual USD (USD0) $ 0.997504
Kaia (KAIA) $ 0.105918
Polyhedra Network (ZKJ) $ 2.00
Tezos (XTZ) $ 0.571600
Helium (HNT) $ 3.22
THORChain (RUNE) $ 1.67
Ondo US Dollar Yield (USDY) $ 1.09
Flow (FLOW) $ 0.365679
L2 Standard Bridged WETH (Base) (WETH) $ 2,541.32
Jito (JTO) $ 1.68
Super OETH (SUPEROETH) $ 2,540.84
Saros (SAROS) $ 0.210100
Ket (KET) $ 0.553071
Onyxcoin (XCN) $ 0.016068
Brett (BRETT) $ 0.054068
cgETH Hashkey Cloud (CGETH.HASH) $ 2,632.75
Mantle Restaked ETH (CMETH) $ 2,708.14
Decentraland (MANA) $ 0.274502
Grass (GRASS) $ 1.79
SyrupUSDC (SYRUPUSDC) $ 1.10
Avalanche Bridged BTC (Avalanche) (BTC.B) $ 104,715.00
Zebec Network (ZBCN) $ 0.006267
Arbitrum Bridged WETH (Arbitrum One) (WETH) $ 2,541.85
Binance-Peg Dogecoin (DOGE) $ 0.193416
TrueUSD (TUSD) $ 0.998857
ApeCoin (APE) $ 0.609111
tBTC (TBTC) $ 104,718.00
KAITO (KAITO) $ 1.97
Bridged USDC (Polygon PoS Bridge) (USDC.E) $ 0.999804
Beldex (BDX) $ 0.064076
Dog (Bitcoin) (DOG) $ 0.004573
Kava (KAVA) $ 0.421483
AIOZ Network (AIOZ) $ 0.385183
Falcon USD (USDF) $ 0.999762
Aethir (ATH) $ 0.048021
MultiversX (EGLD) $ 15.40
Aerodrome Finance (AERO) $ 0.523770
Wrapped HYPE (WHYPE) $ 32.96
dYdX (DYDX) $ 0.550340
Arweave (AR) $ 6.42
Starknet (STRK) $ 0.134716
Reserve Rights (RSR) $ 0.007269
NEO (NEO) $ 5.93
pumpBTC (PUMPBTC) $ 101,688.00
Eigenlayer (EIGEN) $ 1.37
eCash (XEC) $ 0.000021
APENFT (NFT) $ 0.00000042
Axie Infinity (AXS) $ 2.54
Circle USYC (USYC) $ 1.09
USDB (USDB) $ 0.997652
Ronin (RON) $ 0.602714
MimbleWimbleCoin (MWC) $ 35.88
Mantle Bridged USDT (Mantle) (USDT) $ 1.00
Conflux (CFX) $ 0.076578
BUILDon (B) $ 0.388294
ether.fi Staked ETH (EETH) $ 2,524.38
Liquid Staked ETH (LSETH) $ 2,746.40
Ether.fi (ETHFI) $ 1.16
USDD (USDD) $ 1.00
Chiliz (CHZ) $ 0.039129
Stader ETHx (ETHX) $ 2,697.32
DeepBook (DEEP) $ 0.149096
Telcoin (TEL) $ 0.004015
Maple Finance (SYRUP) $ 0.342780
Compound (COMP) $ 40.60
Mog Coin (MOG) $ 0.00000093

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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