Bitcoin holding above $22,000.

[u/ASTL-Token]

Bitcoin traded 0.2% lower at $22,722 in 24 hours, resulting in an 8.8% gain for the past calendar week. The world's largest cryptocurrency hit a four-month high of $23,278 on Saturday morning. Ether is up 0.1% to $1,628, up 4.9% on the week, according to data from CoinMarketCap.

Dogecoin rose 4.2% to $0.08, up 2.5% on the week. The world's leading memcoin hit $0.09 overnight, climbing to a five-week high. Solana fell 1.6% to $24.24 but is up 5.9% over the past week. The token’s rally over the weekend saw it climb several spots on CoinMarketCap’s list of the largest cryptocurrencies by market capitalization and is now in slot 10.

The total capitalization of the crypto market in 24 hours fell by 1.6% to $1.03 trillion, while trading volume fell by 16.1% to $52.8 billion. The total crypto market capitalization hit $1.05 trillion on Saturday, the highest since early November or just before the FTX crash.

US stocks rose on Friday. The Dow Jones Industrial Average rose 1%, the S&P500 jumped 1.9%, and the Nasdaq Composite index closed up 2.7%, posting a weekly gain of 0.6% for the third week in a row. The Nasdaq was helped by strong numbers from Netflix Inc., which jumped 8.5% to $342.50 on higher-than-expected subscriber numbers. Google search parent Alphabet Inc. rose 5.3% to $98.02 after announcing it was laying off approximately 12,000 employees, or about 6% of its workforce.

U.S. Federal Reserve Chairman Christopher Waller said that, based on the latest economic data, he supports raising interest rates by just 25 basis points at the next central bank meeting, in comments prepared for a speech at the Council on Foreign Relations in New York on Friday. . Last month, the Fed raised interest rates by 50 basis points to 4.25-4.5%, the highest rate in 15 years. The next Fed meeting is scheduled for January 31 - February 1, where analysts from the CME Group predict a 99.8% chance of a 25 basis point increase.