Cryptocurrencies were initially in the red to start the week, despite several crypto firms securing lucrative Super Bowl ad slots. Over 100 million viewers watched the “crypto bowl” advertisements, however bitcoin prices started lower on Monday. Bitcoin BTC/USD is lower for a fifth consecutive session to start the week, as markets gave up all of last week’s gains. BTC/USD fell to an intraday low of $41,681.96 on Monday, following a peak of $42,693.05 during Sunday’s session.

Bitcoin (BTC) looks ready to fall below $30,000 in the coming months, per a confluence of historically accurate technical indicators brought forth by popular analyst Ari Rudd. The independent market analyst published a thread on Feb. 14, explaining why Bitcoin’s ongoing price recovery — from below $33,000 on Jan. 24 to around $42,000 on Feb. 14 — might not have strong legs. In doing so, Rudd presented at least three long-term technical setups with extremely bearish outlooks. They are… Source link

advertisement Monero mining pool MineXMR now controls 44% of the privacy coin’s hash rate, a position that some think carries potential risks for the network’s security. MineXMR, the largest Monero mining pool, is relatively close to controlling more than half of the network’s hash rate. If it were to reach such a level, it would theoretically be able to carry out a 51% attack. A 51% attack is when one entity holds over half of the hashing power of a blockchain network, a position… Source link

United States cryptocurrency exchange Coinbase (COIN) has seen its shares dive 5% pre-trading after a calamitous advertising debut at the Super Bowl 2022. Data from Cointelegraph Markets Pro and TradingView showed COIN preparing to open at $194.53 before Monday’s Wall Street open. Snowden: Coinbase crash “so very internet” The Super Bowl 2022 was an event to remember for crypto investors, with several of the exchange industry’s biggest names airing full-scale ad pitches. For Coinbase,… Source link

The average transaction fee in the Ethereum ecosystem has proportionally dropped with the network activity and the market price historically.  The Ethereum average transaction fee has dropped immensely in the past year, following the notable upgrades in the past few months. According to statistical data provided by ycharts.com, the average transaction fee in the Ethereum network costs approximately $2.043 today. The figure has dropped from approximately $2.051, and $20.91 yesterday and one… Source link

Bitcoin (BTC) starts the week with a slow drag downhill towards pivotal support at $40,000. After bulls had something to celebrate last week, the current environment looks like a fresh dose of reality as BTC battles nervous stock markets, a resurgent U.S. dollar and more. The picture is, as always, mixed — while spot price may not look too impressive, under the hood, Bitcoin is stronger than ever, and network participants are doubling down on their long-term commitments. Add to that the slow… Source link

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Bitcoin, the largest cryptocurrency by market cap, was down by 0.53 per cent at $41,971.02. Ethereum was down by 1.77 per cent at $2,863.29. Cryptocurrencies. (Reuters image) Prices of popular cryptocurrencies Bitcoin and Ethereun fell as the global crypto market was treading in red amid escalating tension between Russia and Ukraine, according to details on coindesk. Bitcoin, the largest cryptocurrency by market cap, was down by 0.53 per cent at $41,971.02. Ethereum was down by 1.77 per cent… Source link

Ethereum transaction fees have dropped to multi-month lows, indicating that the token could see a reversal in its price. The figure represents a decline of over 75% of the average fee price since November 2021. Ethereum could be preparing for a 25% climb if a key support level holds.  While Ethereum price slid lower below $3,000, the network’s median fees have dropped below $3, suggesting that demand for ETH transactions have been low. Increased scalability and… Source link

In brief Coinbase’s QR code ad proved popular enough to crash the site Despite the glitch, the ad was well received on social media Coinbase made the first big crypto splash during this year’s Super Bowl after the company aired a bold commercial that consisted of nothing but a QR code floating around the screen for 60 seconds. The ad also quickly flashed a Coinbase URL at the end, leading to a website displaying a promotion for $15 in free Bitcoin for new customers who sign up in the next… Source link