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

FXStreet Team FXStreet

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.

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.

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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FXStreet Team

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