$BTC Bitcoin (BTC) is currently trading at around $110,741-$111,035 USD, with a 24-hour trading volume of $32.47 billion-$40.27 billion. The market capitalization stands at approximately $2.2 trillion, ranking #1 among cryptocurrencies.
*Recent News*
- *Institutional Investment*: Michael Saylor's Strategy announced a $449 million Bitcoin purchase, bringing total BTC buys in August to 7,714 BTC. - *Market Trends*: Bitcoin spot and exchange flows point to an early recovery, but a close above $113,650 is needed to confirm the trend change. - *Price Predictions*: Analysts predict Bitcoin could rise toward $140,000 next and push higher over the next year if it repeats past gains seen after gold's record highs ¹ ².
*Market Analysis*
- *Price Movement*: Bitcoin's price has seen a modest recovery, but multiple BTC metrics suggest traders are still holding back from making risk moves. - *Volatility*: Bitcoin surprises with upside volatility in line with gold, but the risk of a return to test $100,000 is on the cards "in the coming days," a trader warns ¹.
$BNB - *Current Price*: BNB is trading at around $851-$852 USD, with a 24-hour trading volume of $1.01 billion-$2.27 billion. - *Market Capitalization*: The market capitalization stands at approximately $118.59 billion, ranking #5 among cryptocurrencies. - *Price Movement*: BNB's price has seen a mix of fluctuations, with a 0.19%-2.1% increase in the last 24 hours ¹ ².
Recent Developments - *Venus Protocol Restored*: Venus Protocol, a lending platform on BNB Chain, has been fully restored after a $27 million asset loss due to a malicious contract update. - *CEA Industries Expands BNB Holdings*: CEA Industries purchased 38,888 BNB worth $33 million, expanding its corporate treasury to 388,888 tokens valued at $330 million. - *Windtree Therapeutics Faces Delisting*: Windtree Therapeutics, a biotech and BNB treasury firm, fell 77% after informing the SEC it would be delisted from the Nasdaq stock exchange ² ³.
Price Predictions and Trends - *Potential Growth*: Analysts predict potential growth for BNB, with possible price targets and trends. However, these predictions are subject to market volatility. - *Technical Setup*: BNB's technical setup shows signs of strength, with some indicators suggesting a potential trend reversal or continuation ⁴.