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Bitcoin Bounce Fades After Binance Hack; Coinbase Target Slashed

Bitcoin's brief price recovery lost momentum following news of a hack at Binance, one of the world's largest cryptocurrency exchanges. The incident has weighed on market sentiment, and analysts have cut their price target for Coinbase, the major US crypto trading platform, reflecting concern about the exchange sector's security and near-term outlook.

Why now: A hack at a major exchange and a downgrade on Coinbase have rattled crypto investors, driving fresh discussion of market risk.

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