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Matrixport, a digital asset financial services group born from Bitmain, an industry leader in Bitcoin mining, projects a bullish breakout for Bitcoin in the upcoming fourth quarter of 2024. In their latest research report titled “Matrix on Target: Bullish Prospects for Bitcoin in Q4,” the firm provides four reasons to be bullish in the upcoming weeks. #1 Narrowing Trading Range Signals Breakout Matrixport’s analysis begins with a technical assessment of the recent Bitcoin price action. Historically, Q3 has posed significant…

The XRP price has seen significant volatility on Thursday, mirroring the broader market downturn. After a strong performance in July, which saw XRP outperform even Bitcoin with a gain of over 35%, the token has now dropped nearly 10% in the last 24 hours. Analysts Bullish On Long-Term Price Targets Market intelligence platform Santiment, has highlighted the performance of XRP’s blockchain ecosystem, the XRP Ledger (XRPL), despite this recent price drop. The platform attributes this success to heightened on-chain activity,…

Chainlink (LINK), one of the major players in the decentralized finance space, is currently facing increased bearish pressure in the market. As LINK’s bearish momentum continues to build, key technical indicators are signaling the potential for further loss toward the critical support level at $12 for the cryptocurrency. With this current price movement, Chainlink could continue to decline, testing lower support levels in the near future, unless there is a significant reversal in market sentiment. This article provides an in-depth…

BNB has demonstrated significant bullish momentum, with a positive candlestick crossing the 100-day Simple Moving Average (SMA) in the 4-hour timeframe. The previous market scenario reveals that the digital currency has faced multiple rejections at the $572 level.  This persistent resistance has cleared a path for the bulls to take charge and drive the price higher aiming at the $605 resistance level. As market dynamics shift, the key question is whether BNB can continue its current upward trend and hit…

Internet Computer’s (ICP) price could be seeking to extend its recent losses after falling 5% in the last 24 hours. BeInCrypto found this inference after examining the token’s technical and on-chain status. At press time, ICP trades at $9.03. However, holding on to the $9 region in the coming days may be a herculean task, and here is why. Warning Signs for Bullish Internet Computer Investors One indicator that has been crucial to ICP’s price increase is the Money Flow…

Only a few altcoins have been able to outperform Bitcoin (BTC) this year. But if there is one that has continuously remained in that fold, it is Kaspa (KAS), the project that utilizes the same Proof-of-Work (PoW) mechanism as Bitcoin. While KAS price has increased over 400% in the last 365 days, recent data shows it may struggle to regain the momentum. Kaspa Faces Imminent Breakdown Due to Wipeout Positions Kaspa’s current position below the Exponential Moving Average (EMA) supports…

Bitcoin (BTC) is currently experiencing increasing bearish pressure, with technical indicators suggesting a potential decline toward the $63,316 mark. This price drop is driven by factors such as weakening momentum and decreasing trading volume. As Bitcoin targets the $63,316 mark, Investors and analysts are closely monitoring this development, as it may indicate further declines and set the stage for BTC to test lower support levels. This article analyzes Bitcoin’s current price movements and technical indicators signaling a potential further decline…

The post Wave of Cyber Attacks Rocks the Crypto World: Key Incidents from the Past Week appeared first on Coinpedia Fintech News Since cryptocurrency is not entirely secure from cyber incidents, hacking and cyberattacks will always be a major threat to both the platform and its users. The past week saw an abundance of attacks targeting dEXs and other crypto-based services, ranging from malware to the rug pull.  MonoSwap Hack: Malicious malware attack  Another hack event in the crypto space…

Solana (SOL) is currently one of the high-flyers in the crypto market. The crypto token recently recorded one of the most gains following the market-wide rebound. Crypto analyst Rekt Capital, however, suggested that the crypto token is just getting started, revealing key levels to watch as Solana eyes higher prices.  Key Levels To Watch For Solana’s Price In an X (formerly Twitter) post, Rekt Capital highlighted $180 and $202 as key price levels to watch for Solana’s price. The analyst…