Bitcoin, Ethereum, Dogecoin Rise: Analyst Says This ‘ETH Killer’ Still Has A Chance If It Can Survive ‘Dark Period’

Published

3 years ago

January 10, 2023

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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?'

Sports

Mariners vs. Blue Jays (Oct 13, 2025) Live Score – ESPN

Published

55 mins ago

October 14, 2025

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Mariners vs. Blue Jays (Oct 13, 2025) Live Score - ESPN

1st Rodríguez homered to left (370 feet), Arozarena scored and Raleigh scored. 3 0

1st Lukes reached on infield single to first, Springer scored on throwing error by first baseman Naylor, Lukes to second. 3 1

1st Kirk singled to center, Lukes scored. 3 2

2nd Lukes singled to right, Clement scored, Springer to third. 3 3

5th Polanco homered to center (400 feet), Arozarena scored and Raleigh scored. 6 3

6th Crawford singled to left, Rivas scored. 7 3

7th Naylor homered to right (359 feet), Polanco scored. 9 3

7th Crawford hit sacrifice fly to center, Suárez scored. 10 3

Sports

Julio Rodriguez’s three-run HR gives Mariners early ALCS Game 2 lead

Published

55 mins ago

October 14, 2025

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Julio Rodriguez's three-run HR gives Mariners early ALCS Game 2 lead

The Seattle Mariners got off to a strong start in Game 2 of the American Champions League Series on Monday courtesy of Julio Rodriguez.

The center fielder smashed an 84 mph splitter off Trey Yesavage for a three-run homer in the top of the first inning. The Toronto Blue Jays right-hander had never allowed an extra-base hit on the splitter before, according to ESPN Research.

It marked Rodriguez’s second home run of the postseason as Seattle looks to take a 2-0 lead in the series.

JULIO RODRÍGUEZ 3-RUN HOMER! #ALCS pic.twitter.com/LdnHOBG3P2

— MLB (@MLB) October 13, 2025

The blast was Yesavage’s first career home run allowed in his fifth career start (regular season and playoffs). Entering Monday, he had allowed only two extra-base hits in 19⅓ innings pitched.

Seattle trailed 1-0 in the first inning in Game 1 before bouncing back to win 3-1 on Sunday. The series shifts to Seattle on Wednesday.

ESPN Research contributed to this report.

Technology

Broadcom CEO says generative AI will become a much larger part of global GDP

Published

2 hours ago

October 13, 2025

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Broadcom CEO says generative AI will become a much larger part of global GDP

The main competitor we have is merchant silicon, says Broadcom CEO Hock Tan

Broadcom CEO Hock Tan told CNBC’s Jim Cramer on Monday that artificial intelligence could become a larger part of global GDP as the technology spreads across industries.

Tan said the current global GDP sits around $110 trillion, with 30% of that figure “valued from industries related to knowledge-based, technology-intensive.”

“And you put in generative AI, you create intelligence in a lot of other aspects of society,” Tan continued. “That 30% say will grow to 40% of all GDP. That’s $10 trillion a year.”

If AI grows and becomes responsible for a larger piece of global GDP as Tan predicts, it would be a boon to the nascent tech sector and all the industries it relies on. Broadcom makes chips and networking equipment and has been a huge beneficiary of the AI boom as hyperscalers buy up its products. The stock is currently up 53.86%.

Broadcom and OpenAI announced their official partnership on Monday, saying they would jointly build and deploy 10 gigawatts of custom artificial intelligence accelerators. The move is part of a broader effort to scale AI across the industry. Broadcom shares surged in response to the news, up 9.88% by market close.

Broadcom and OpenAI’s deal is the latest in a slew of pricey partnerships among key Big Tech players related to AI.

Tan said OpenAI is “one of those few players in the forefront of creating foundation models,” and noted that even as a private company, the ChatGPT maker is worth about $500 billion. According to Tan, Broadcom’s “hard-nosed” approach to business doesn’t keep the company from looking several years in the future “at this phenomenon, this wave called generative AI.”

Broadcom is tight-lipped about its customers, but said earlier this year it was developing new AI chips with three large cloud customers. Management announced last month it had secured $10 billion in chip orders from a fourth unnamed client.

Tan told Cramer that Broadcom is working closely with “about seven players,” four of which he defined as “real customers,” or ones “who have given us production purchase orders at scale.”

“We feel very good about it,” Tan said of Broadcom’s partnerships. “Because each of these guys need a lot of compute capacity for them to basically play in this game and eventually win this game of creating the best foundation model in the world.”