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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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Washington state flooding forces entire city to evacuate as rivers reach historic highs

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Washington state flooding forces entire city to evacuate as rivers reach historic highs

National Guard troops went door-to-door on Friday to evacuate a farming city north of Seattle as severe flooding in western Washington state put levees at risk.

Days of torrential rain have swelled rivers to record or near-record levels, as flooding has stranded families on rooftops, washed over bridges and ripped homes from their foundations.

Burlington, a city of nearly 10,000 residents near Puget Sound – a large inlet of the Pacific Ocean in northwestern Washington – was placed under a full evacuation order with people told to leave immediately and move to higher ground.

The Skagit River, a major waterway that flows from the Cascade Mountains through the Skagit Valley before emptying into Puget Sound, surged to a record high of nearly 38ft (11.6m) at Mount Vernon, about 10 miles south of Burlington.

“We haven’t seen flooding like this ever,” said Karina Shagren, a spokesperson for the state’s emergency management division, adding that there had been no reports of injuries or missing individuals so far.

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Pic: Reuters

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Pic: Reuters

National Guard troops and sheriff’s deputies were going door to assist with the evacuations.

Some responders were seen paddling stranded Burlington residents to safety in inflatable river rafts through the muddy floodwaters.

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Later on Friday, the evacuation order was lifted for part of the city, Burlington police department spokesperson Michael Lumpkin said.

However, while water levels appeared to ease a little, Mr Lumpkin said “it’s definitely not an all-clear”.

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Pic: Reuters

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Pic: Reuters

Read more from Sky News:
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The intense rainfall was driven by an atmospheric river, a massive stream of moisture drawn from the ocean and carried inland over the Pacific Northwest earlier in the week.

Although rainfall has begun to ease, the National Weather Service has issued a flash-flood warning for the Skagit River basin all the way downstream to its mouth at Puget Sound.

Snohomish, around 40 miles south of Burlington, has also been affected. Pic: Reuters
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Snohomish, around 40 miles south of Burlington, has also been affected. Pic: Reuters

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Pic: Reuters

The swollen waters could put enough strain on levees to cause them to fail, the weather service noted.

“Extensive flooding of streets, homes and farmland will be possible” if levees and dikes give way, it said.

The Burlington-Mount Vernon area in Skagit County continues to be the hardest-hit area, facing extensive flooding from days of heavy rainfall stretching from northern Oregon through western Washington and into British Columbia.

National Guard troops were also dispatched to deliver food and check on stranded residents in a number of communities cut off by flooding in adjacent Snohomish County, south of Skagit County.

The flooding washed out or forced the closure of dozens of roads throughout the region, including most of the Canadian highways leading to the port city of Vancouver in British Columbia.

Parts of northern Idaho and western Montana have also been impacted.

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Trump sued by preservation group over $300m White House ballroom

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Trump sued by preservation group over 0m White House ballroom

Donald Trump is being sued by a preservation group which wants a federal court to halt the construction of a new ballroom at the White House until it goes through multiple independent reviews and wins approval from Congress.

The National Trust for Historic Preservation’s lawsuit represents the most concrete effort so far to change or stop plans for the new $300m ballroom that would be nearly double the size of the White House before the East Wing was demolished.

“No president is legally allowed to tear down portions of the White House without any review whatsoever – not President Trump, not President [Joe] Biden, and not anyone else,” the non-profit organisation’s lawsuit states.

“And no president is legally allowed to construct a ballroom on public property without giving the public the opportunity to weigh in.”

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Pic: Reuters

The ballroom project has drawn criticism from preservationists, architects, and President Trump’s political opponents.

It is among several sweeping changes Mr Trump has made to the White House since he returned to office in January. He has installed gold decorations throughout the Oval Office, and paved over the lawn of the Rose Garden to create a patio similar to the setting at his Mar-a-Lago estate in Florida.

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Pic: Reuters

Commenting on the lawsuit, White House spokesman David Ingle said that Mr Trump is within his “full legal authority to modernise, renovate and beautify the White House – just like all of his predecessors did”.

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Mr Ingle did not specify whether the president was planning to consult Congress at any point.

While nearly every president alters the White House, Mr Trump’s plans are the most extensive since President Harry Truman’s near-total renovation of its oldest section.

Unlike Mr Trump, Mr Truman obtained explicit congressional approval and funding, consulted engineering and arts authorities, and appointed a bipartisan commission to oversee the work.

Mr Trump has stressed that the project is funded with private money, including his own, but that doesn’t change how federal laws and procedures apply to a US government project.

Federal law cites “express authority of Congress” over DC projects.

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Pic: Reuters

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Mr Trump has long maintained that a White House ballroom is overdue, noting that large events are held in tents and guests get wet when it rains.

The lawsuit said Mr Trump never gathered public input and ignored statutes requiring consultation with the National Capital Planning Commission and the Commission of Fine Arts before tearing down the East Wing and starting work on the ballroom.

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Rocket Lab Clears Final Tests for New ‘Hungry Hippo’ Fairing on Neutron Rocket

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Rocket Lab has completed final qualification tests on its innovative “Hungry Hippo” fairing for the Neutron rocket, a reusable design that stays attached during flight and closes again for recovery. This breakthrough brings the company closer to Neutron’s planned 2026 debut and marks a major step in reducing launch costs in an increasingly competitive space indu…

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