<p>Crypto prices were in the green as the market continued to rally on Monday. Equities related to blockchain and cryptocurrencies were also higher.</p> <p>Bitcoin traded up about 0.5% during the day, flirting with the $23,000 barrier, according to TradingView data. Ether rose marginally, trading at $1,635. </p> <div id="attachment_204866"class="wp-caption alignnone" style="max-width: 2330px;"><img class="has-caption wp-image-204866 size-full" src="https://www.tbstat.com/wp/uploads/2023/01/BTCUSD_2023-01-23_22-07-50.png" alt="" width="2320" height="1334" /><p class="wp-caption-text"><span style="font-size: 8pt;"><a href="https://www.tradingview.com/chart/xAJYa739/?symbol=COINBASE%3ABTCUSD">BTCUSD chart by TradingView</a></span></p></div> <p>As bitcoin prices continue to increase, $25,000 is the next crucial resistance level for the leading crypto by market cap, <a href="https://www.theblock.co/post/204550/bitcoin-resistance-at-25000-will-be-key-gauge-of-rallys-momentum-b2c2-says">said</a> B2C2's Chief Risk Officer Adam Farthing.</p> <p>The rally coincided with a depreciation of the U.S. dollar. The DXY has traded down year-to-date to 102.05 from highs above 114 last year. Bitcoin's price in dollars tends to move higher when the dollar weakens.</p> <div id="attachment_204808"class="wp-caption alignnone" style="max-width: 2329px;"><img class="has-caption wp-image-204808 size-full" src="https://www.tbstat.com/wp/uploads/2023/01/DXY_2023-01-23_21-12-50.png" alt="" width="2319" height="1334" /><p class="wp-caption-text"><span style="font-size: 8pt;"><a href="https://www.tradingview.com/symbols/TVC-DXY/">DXY chart by TradingView</a></span></p></div> <h2>Crypto stocks</h2> <p>Silvergate closed up 16.8%, trading around $16 at 4 p.m. EST, according to Nasdaq data. Shares in the crypto-friendly bank had <a href="https://www.theblock.co/post/204706/silvergate-shoots-up-11-coinbase-dips-and-microstrategy-trades-flat">soared</a> 11% by 11:30 a.m. EST. </p> <div id="attachment_204817"class="wp-caption alignnone" style="max-width: 2330px;"><img class="has-caption wp-image-204817 size-full" src="https://www.tbstat.com/wp/uploads/2023/01/SI_2023-01-23_21-25-28.png" alt="" width="2320" height="1334" /><p class="wp-caption-text"><a href="https://www.tradingview.com/chart/xAJYa739/?symbol=NYSE%3ASI"><span style="font-size: 8pt;">SI chart by TradingView</span></a></p></div> <p>Coinbase shares increased by 1.5%. On Friday, <a href="https://www.theblock.co/post/204328/moodys-downgrades-coinbase-says-outlook-is-stable">Moody's downgraded</a> the exchange's corporate family rating and guaranteed senior unsecured notes. Moody's stated that the firm's corporate outlook was stable.</p> <p>MicroStrategy traded up 4.2%, climbing to $250.22. Jack Dorsey's Block also rose, climbing 7.2% by market close.</p> <p>Bitcoin mining stocks tracked by The Block <a href="https://www.theblock.co/post/204796/bitcoin-mining-report-jan-23">mostly increased on Monday</a>, with 18 gaining and only one declining. SAI.TECH Global rose by 29%, while Core Scientific gained 26.7%.</p><br /><span class="copyright"><p>© 2023 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.</p> </span>