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Cryptocurrencies Price Prediction: MATIC, Bitcoin & Crypto – European Wrap 19 July

MATIC sets for a rally as Polygon Foundation confirms the migration date

Polygon (MATIC) price has broken above a falling wedge pattern, indicating a shift in market structure from bearish to bullish. The Polygon Foundation officially announced on Thursday that September 4 is the migration date for MATIC to POL. On-chain data reveals a significant increase in daily active addresses, the highest recorded this year, signaling a forthcoming bullish momentum.

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Top 10 crypto market movers as Bitcoin and Ethereum hold steady ahead of $1.8 billion options expiry

Bitcoin and Ethereum options worth approximately $1.79 billion are expiring on Friday, per Deribit data. Market-moving events from the week include a $230 million hack on the Indian exchange WazirX, Fantom Foundation’s collaboration with Alchemy, Manta Network and BONK’s reward opportunities for traders, among other updates. 

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No rush in crypto

The crypto market cap fell 1% in 24 hours to $2.36 trillion, in line with the US market's losses during that time. The pullback in traditional finances explains why Bitcoin is dragging the overall crypto market down. Bitcoin is losing 1.3%, Ethereum 0.5%, and the top altcoins are changing between -4.7% (XRP) and 2.8% (Solana).

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