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Major coins were seen trading higher on Monday evening as the global cryptocurrency market cap rose 1.3% to $850 billion. Price Performance Of Major Coins Coin 24-hour 7-day Price Bitcoin BTC/USD 0.45% 3% $17,211.65 Ethereum ETH/USD 2.85% 8.9% $1,324.26 Dogecoin DOGE/USD 4.35% 6.7% $0.08 Top 24-Hour Gainers (Data via CoinMarketCap) Cryptocurrency 24-Hour % Change (+/-) Price Aptos (APT) +34.1% $5.27 Gala (GALA) +29.8% $0.04 Curve DAO Token (CRV) +13.6% ??$0.65

See Also: Top Trading Platforms For Altcoin Investing

Why It Matters: Bitcoin, Ethereum, and Dogecoin were in the green as investors found appetite for tech shares, which led to the Nasdaq closing higher for a second consecutive session. At the time of writing, U.S. stock futures were down.

On Monday, a survey released by The Federal Reserve Bank of New York's Center for Microeconomic Data indicated that short-term or one-year inflation expectations continued to decline.

The data came ahead of the issuance of the latest CPI data, which will be released during Thursdays pre-market session. Federal Reserve Chair Jerome Powell is also expected to make a speech on Tuesday in Stockholm, Sweden.

Bitcoin is rejecting an important level as Powells speech approaches, noted Michal van de Poppe. The trader said that Bitcoin will probably sweep towards $17,100 before another bounce towards $17,500 for bearish divergence.

The cryptocurrency trader said theres good volatility on the apex coin.

#Bitcoin rejecting at crucial area as Powell’s speech is approaching yesterday + simply crucial resistance zone.

Probably sweep towards $17.1K before another bounce towards $17.5K for bearish divergence or we long at $16.9K.

Good volatility.

Lots of dips on #altcoins too. pic.twitter.com/4j7HPFd0ZK Michal van de Poppe (@CryptoMichNL) January 9, 2023

Justin Bennett said he observed beautiful stair-step action on Bitcoin so far in 2023. The trader pointed out that Bitcoin retested $16,700 last week and held above $16,900 over the weekend and was about to test $17,300.

GM fam. ?

Beautiful stair-step action from $BTC so far in 2023.

$16,700 retest last week, closed and held above $16,900 over the weekend, and about to test $17,300. #Bitcoin https://t.co/6Lhnzhsdu5 pic.twitter.com/qCUgFoUj1L Justin Bennett (@JustinBennettFX) January 9, 2023

Wall Street is pricing in the Fed to be one and done with tightening and possibly cutting rates at the end of the year, said Edward Moya, a senior market analyst at OANDA.

Cryptos are rallying today, but BNB, Cardano, Solana, MATIC, and Polkadot are easily outperforming Bitcoin and Ethereum, said Moya. SOL soared 11% to $16.43 over a 24-hour period at the time of writing.

Solana was a casualty of the collapse of FTX and Alameda Research. Everyone knew Solana had deep financial ties with FTX, so it was no surprise that the SOL prices collapsed. Solana was supposed to be the Ethereum killer and it still has a chance if it can survive this dark period.

Marcus Sotiriou, a market analyst with GlobalBlock, noted that Solana is performing well after the non-fungible token community united following the exit of the two most valuable NFT projects DeGods and Y00ts which have moved to Ethereum and Polygon (MATIC) respectively.

This shows the resilience of the Solana NFT community, providing optimism for SOL token holders. A meme coin, BONK, was airdropped to many Solana NFT communities, excluding DeGods and y00ts, and climbed almost 50x in the space of a week, which further united the Solana NFT community, said Sotiriou.

Read Next: Ethereum Rival Cardano's 20% Surge Amazes Analyst: 'Did They Figure Out A Cure For Cancer?'

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Entertainment

Father Ted co-creator Graham Linehan denies harassing transgender woman

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Father Ted co-creator Graham Linehan denies harassing transgender woman

Father Ted co-creator Graham Linehan has pleaded not guilty to harassing a transgender woman and damaging her phone.

The Bafta-winning writer, who also came up with TV sitcoms The IT Crowd and Black Books, appeared at Westminster Magistrates’ Court on Monday to deny the charges of harassing Sophia Brooks on social media and damaging her mobile in October.

Linehan, 56, who created the three-season sitcom Father Ted in the 1990s with fellow Irish writer Arthur Mathews, said in a post on X in April that the allegations were related to an incident at the Battle of Ideas conference in London on 19 October.

Court documents show Linehan is charged with harassing the alleged victim, a transgender activist, by posting abusive comments about her on social media between 11 October and 27 October, and damaging her phone to the value of £369 on the day of the conference.

Outside court after the short hearing, he wore a T-shirt with a picture of a Daily Telegraph front page with the headline ‘Trans women are not women’, and said: “For six years, ever since I began defending the rights of women and children against a dangerous ideology, I have faced harassment, abuse and threats.

“I’ve lost a great deal, but I am still here, and I will not waver in my resolve.”

Read more from Sky News:
Green Party co-leader denies split over trans rights
Thousands attend trans rights protests following Supreme Court ruling

Deputy District Judge Louise Balmain told Linehan his trial would take place on 4 September this year at the same court.

Linehan has become a strong vocal critic of the trans rights movement in recent years.

He was freed on bail with the condition not to contact the complainant directly or indirectly.

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Sports

1st female Grand National champ Blackmore retires

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1st female Grand National champ Blackmore retires

Rachael Blackmore, the first female jockey to win the Grand National, announced her retirement from horse racing with immediate effect on Monday.

Blackmore, 35, confirmed the decision on social media saying her “days of being a jockey have come to an end.”

In 2021, Blackmore made history by becoming the first female to win the Grand National in the race’s 182-year history.

She rode the Henry de Bromhead-trained Minella Times to the trailblazing victory at Aintree which came 44 years after Charlotte Brew became the first woman to ride in the world’s most famous steeplechase.

The Irishwoman was also the first female jockey to win the Champion Hurdle, doing so aboard Honeysuckle, the same year as her Grand National triumph.

She then clinched another historic first when she guided A Plus Tard to the Cheltenham Gold Cup in 2022.

“I feel the time is right,” Blackmore said in a post on social media.

“I’m sad but also incredibly grateful for what my life has been for the past 16 years. I just feel so lucky, to have been legged up on the horses I have, and to have experienced success I never event dreamt could be possible.”

Blackmore won 575 of her 4,566 career races. Her last victory came aboard Ma Belle Etoile in Cork on Saturday.

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UK

London Underground stations shut and lines suspended as power cut hits Tube

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London Underground stations shut and lines suspended as power cut hits Tube

A power outage caused major travel disruption on London’s Tube network on Monday, stretching into rush hour.

The Elizabeth, Bakerloo, Jubilee and Northern lines were among the routes either suspended or delayed, with several stations closed and passengers forced to evacuate.

A spokesman for Transport for London (TfL) said there was an outage in southwest London for “a matter of minutes” and “everything shut down”.

National Grid confirmed a fault on its transmission network, which was resolved in “seconds”, but led to a “voltage dip” that affected some supplies.

The London Fire Brigade said the fault caused a fire at an electrical substation in Maida Vale, and it’s understood firefighters destroyed three metres of high-voltage cabling.

Piccadilly Circus
Image:
The scene in Piccadilly Circus as passengers were evacuated

That came just weeks after a fire at the same substation, which saw elderly and vulnerable residents among those moved from their homes.

But today’s fire – between Cunningham Place and Aberdeen Place – is understood to have involved different equipment to the parts in the 29 April incident.

TfL’s chief operating officer Claire Mann apologised for the disruption, adding: “Due to a brief interruption of the power supply to our network, several lines lost power for a short period earlier this afternoon.”

Passengers told Sky News of the disruption’s impact on their plans, with one claiming he would have had to spend £140 for a replacement ticket after missing his train.

He said he will miss a business meeting on Tuesday morning in Plymouth as a result.

Another said she walked to five different stations on Monday, only to find each was closed when she arrived.

Lines suspended and stations shut – as it happened

“Only on the last station did I find out it was a power outage affecting the entire Underground, after I approached ticketing staff,” she said.

“Again, no announcement made. So I looked for bus alternatives. In total, I spent two hours stranded in central London. Horrible experience.

“I feel bad for people who possibly missed their flights.”

TfL staff have said they are working to restore the entire network, with some disruption extending into Monday night.

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