Market highlights January 12: Cryptos in the green, US stocks rise as investors await CPI data

Market highlights January 12: Cryptos in the green, US stocks rise as investors await CPI data
фото показано с : coinjournal.net

2022-1-12 15:45

The crypto market was higher over the past 24 hours, as the majority of top 10 cryptos were in the green at time of writing. US stocks marched higher yesterday after Federal Reserve chairman Jerome Powell reiterated his warning that rates will have to rise this year.

The confirmation that the Fed is serious about tackling inflation was well received by investors, with the NASDAQ100 (+1.47%), SPX500 (+0.92%) and DJ30 (+0.51%) all finishing higher yesterday.

Energy stocks dominated the SPX500’s risers table following a sharp increase in the price of oil.

Investors will be closely following the monthly Consumer Price Index (CPI) and Core CPI data, set to be released today at 13:30 GMT.

Top cryptos

Bitcoin climbed around 1%, trading above $42,000 at time of writing. Ethereum was up around 4%, and Cardano and XRP registered gains of around 5% and 2%, respectively. Closing out the top 10 list was Polkadot, which registered gains of around 10%.

Avalanche, the 11th biggest coin in the ranking, has gained 11% today, trading for just over $90. It surpassed both Dogecoin and Shiba Inu by market cap and looks set to pass $100 soon.

NEAR Protocol’s native token NEAR is the biggest winner in the top 20 this week. The 19th ranking coin gained 7% in the last 7 days, more than every other coin in the top 20, and added 10% to its value just today.

Top movers

After correcting the recent pullback, Fantom has embarked on a relentless bullish trend thanks to a list of recent events. First, it was the news of Movr Network integrated Fantom into FundMovr and then the currently ongoing FantomLive IDO on DAOStarter. It has gained 20% in the last 24 h.

Oasis Network (ROSE), a privacy-focused layer 1 blockchain built for open finance and a responsible data economy using the Cosmos SDK, is up 19%.

Secret is the native coin of Secret Network, a blockchain with data privacy for smart contracts by default, allowing you to build and use applications that are both permissionless and privacy-preserving. 

This functionality protects users, secures applications, and unlocks hundreds of never-before-possible use cases for Web3. It has gained 18% in the last 24 h.

The Sandbox, Kadena, and Bora all gained 14% today. Bora is up to 96th. Yesterday, it was barely staying afloat at 100.

Harmony, the 42nd largest coin by market cap, is one of today’s big winners too. It has gained more than 13%. Celo gained just under 13%. OMG Network and Livepeer are also up 13%.

The price of metaverse token GALA gained 700% last November, after which it fell with a series of declining highs. Now, it’s starting to reverse some of its losses. It has gained 12% today. Arweave is also up by 12%.

Other strong performers include Enjin Coin with +11% and Stacks and THORChain, both with +10%. The live Kusama price today is $272 with a 24-hour trading volume of $114.4 million. It is up 9.71% in the last 24 hours.

Trending

Bombcrypto is a classic play-to-earn game where players can buy bomber heroes and participate in exciting game modes. The game has 3 game modes: Treasure Hunt – Autoplay, Story Mode, and PVP. It is trending as Bomber Coin. 

The price of its token, BCOIN, is $3.24 today. Bomber Coin is up 30% in the last 24 hours.  

The post Market highlights January 12: Cryptos in the green, US stocks rise as investors await CPI data appeared first on Coin Journal.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Market.space (MASP) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Доступно / Всего 0 MASP

market rise await cpi 160 data stocks

market rise → Результатов: 126


Prominent Investors are Selling Bitcoin, Calling Recent Parabolic Rise “Unsustainable”

Bitcoin’s parabolic advance has finally come to an end, with bulls losing their footing following the recent break below $40,000 Its macro parabola could very well still be valid and in play, but it will require a firm and swift trend reversal in the near-term The entire market is reeling lower in tandem with Bitcoin, and investors widely believe that the ongoing descent could extend further This comes as one prominent Bitcoin investor from Guggenheim […]

2021-1-12 21:00


Фото:

Bitcoin Now Larger Than Facebook’s Market Cap — ‘Money Network More Valuable Than Social Network’

The surge in bitcoin’s price on Friday has propelled the cryptocurrency past Facebook’s market cap. Next, bitcoin stands to flip Tesla, Google, Amazon, Microsoft, and then Apple. Bitcoin Surpasses Facebook in Market Cap Bitcoin’s frequent rise past all-time highs this week has made the size of the cryptocurrency larger than Mark Zuckerberg’s Facebook. The price […]

2021-1-9 21:05


Фото:

Bitcoin Sees Significant Shift From Retail To Institutional Investors

The meteoric rise in Bitcoin investment by institutional investors has been as thrilling as it has been worrying. The fear of a new group of investors overtaking the market is as exciting as it is alarming to many cryptocurrency spectators, especially because only three years ago, Bitcoin was struggling to gain respect from the institutional […]

2020-12-29 21:50


Фото:

Ethereum Likely to Break All-Time Highs in 2021 as Analysts Eye Trend Pivot

Ethereum is struggling to match the momentum that Bitcoin is currently seeing The benchmark cryptocurrency has been gaining tremendous ground over Ethereum and the rest of the crypto market, with altcoins being unable to match its growth This has put any hopes of an imminent “altseason” on pause, with BTC dominance continuing to rise daily Ethereum’s performance against its Bitcoin trading pair has been quite dire as of late and may indicate that downside is […]

2020-12-27 00:00


Фото:

Growing Bitcoin Adoption Hurting Gold Market, Gold Price Will Continue to Weaken, Says JPMorgan

The rise of bitcoin is hurting the gold market and may continue to do so for many years to come as institutional adoption grows, according to JPMorgan Chase & Co strategists. Led by Nikolaos Panigirtzoglou, the strategists noted the declining inflow of funds allocated to gold exchange-traded funds (ETFs) since October, as flows into bitcoin […] The post Growing Bitcoin Adoption Hurting Gold Market, Gold Price Will Continue to Weaken, Says JPMorgan appeared first on Bitcoin News.

2020-12-11 02:30


High Stakes on Polkadot: Meet MANTRA DAO, the Home of Polka DeFi

Decentralized finance isn’t exclusive to one platform or network, and the Polkadot-based MANTRA DAO intends to unite the disparate world of DeFi under one decentralized autonomous roof. Polkadot’s entry into the top ten cryptocurrencies by market cap signified the rise of one of the most serious competitors to Ethereum to date. With that emergence comes […]

2020-12-8 15:30


Фото:

Increase Your Potential Profit With the Margin 2X Feature on Remitano Invest

PRESS RELEASE. With the steady rise of Bitcoin price in recent days, this is arguably one of the best periods for Bitcoin trading and other cryptocurrencies. However, not all willing investors have enough capital to invest in the crypto market and although sometimes it is good to start small, investors who start with small capital […] The post Increase Your Potential Profit With the Margin 2X Feature on Remitano Invest appeared first on Bitcoin News.

2020-12-2 07:00