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Market Highlights January 14: Bitcoin takes back, big banks launch earnings season

The crypto market was generally lower in the past 24 hour. JPMorgan Chase, a major investment bank, reports today its Q4 results, along with Citigroup and Wells Fargo. Financial firm stocks are rising due to higher interest rate expectations. Yesterday’s decline in US indices was caused by Tech stocks. The NASDAQ 100 fell 2. 57%…

The crypto market was generally lower in the past 24 hour. JPMorgan Chase, a major investment bank, reports today its Q4 results, along with Citigroup and Wells Fargo. Financial firm stocks are rising due to higher interest rate expectations.

Yesterday’s decline in US indices was caused by

Tech stocks. The NASDAQ 100 fell 2. 57% has fallen to its lowest level since October 2021.

Top cryptos

Bitcoin has been in a positive run and had retracted around 2% as of this writing. The world’s biggest crypto has risen more than 3% this week.

The price of Dogecoin is on the rise since Elon Musk’s announcement that Tesla would accept it for payment for its merchandise. This was possible in Asian hours today. Dogecoin gained 14% at the time of writing.

Top movers

The most valuable 100 coins today have lost between 2 to 6%. Elrond lost 8% leading to some wondering whether they should be bought. Elrond is a blockchain platform that facilitates the internet economy, decentralized applications, and enterprise use.

Its primary selling point is its high scaleability. This is because it is the first network to have state, network, and transaction sharding all implemented.

Gala is the most popular metaverse token in 2021,. It also lost 8% in the last 24 h. This continues the downtrend for THORChain and Enjin Coin as well as XDC Network and Loopring. Each has lost approximately 7%.

Kadena is the largest loser of today with a price drop of 9%. It is claimed to offer the security of Bitcoin, unmatched throughput and smarter contracts.

This is a dubious honor that WOO Network has shared with it. WOO Network is a deep liquidity network that connects traders, exchanges and institutions as well as DeFi platforms. The WOO token, which can be used in DeFi products and CeFi for fee discounts and staking, has also lost 9 percent today.

Secret is the native cryptocurrency of Secret Network. Its blockchain offers data privacy for smart contract by default. This allows you to create and use applications that are both privacy-preserving and permissionless.

This functionality protects users, secures applications, and unlocks hundreds of never-before-possible use cases for Web3. Secret continues yesterday’s bull trend and adds 20% value to its current value.

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The Metaverse Future (METAF) is the most notable gainer of today. It was created with the mission to create an open Metaverse. It allows people to not only create value for the Metaverse, but also play games to make money. It has almost 3 ,000% users today.

Today, the price of PolySwarm’s native token, Nectar (a cybersecurity company), is on the rise. It has gained 66% over the last 24 hour.

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Bitcoin

Pierre Poilievre: The Bitcoiner Who Will Likely Become Canada’s Next Prime Minister

North America may be on the cusp of a crypto golden era if it ends up with two pro-crypto heads of state. This Year Could See Two North American Pro-Crypto Heads of State Long before U.S. President Donald Trump was launching memecoins, Conservative Party of Canada (CPC) leader Pierre Poilievre was buying shawarmas with bitcoin [……
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Bitcoin

Rumble Makes First Bitcoin Purchase As Part of $20 Million Strategy

The adoption of a corporate treasury diversification strategy of allocating cash reserves for the purchase of bitcoin has seen Rumble make its first acquisition. Rumble Makes Its First Bitcoin Purchase Tether-backed video-sharing website Rumble has bought its first bitcoin. This was revealed in an X post by its founder and CEO…
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Bitcoin

Trump’s Return to Office Fails to Ignite Bitcoin: BTC Drops 5.7% From ATH

On Monday, following Donald Trump’s inauguration and address—an event that made no mention of bitcoin or crypto assets—the cryptocurrency market experienced a pullback. Bitcoin fell 5.7% from its all-time high (ATH) of $109,356 recorded on Jan. 20, slipping to $103,092 per coin. Bitcoin Sinks Below $104K Following Trump Inauguration Silence on Crypto Contrary to predictions [……
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