Major coins traded in the green Sunday night as the global market cap rose 1.34% to $1.08 trillion as of 8:30 p.m. EST.

What happened: The largest cryptocurrency by market value Bitcoin BTC/USD traded above $23,000. ether ETH/USD changed hands at $1,567, up 1.70% in the last 24 hours. Dogecoins DOGE/USD up 0.47% in the last 24 hours to trade at $0.089.

US stocks closed higher on Friday. The Dow Jones Industrial Average rose 0.1%, the S&P 500 Index gained 0.3% and the Nasdaq Composite Index closed 1%.

See more: Best Crypto Day Trading Strategies

In the coming week, three big tech companies are set to post earnings: Amazon AMZN, apple inc AAPL and Metaplatforms Inc META/USD is being closely monitored to assess whether current job cuts are likely to extend into 2023. Market analysts will be on the lookout for any signs of further cuts that could impact the tech industry at large.

On Friday, federal prosecutors asked US District Judge Lewis Kaplan to issue a restraining order Sam Bankman–Friedwhich would prohibit him from communicating privately with current and former employees of FTX and Alameda Research. According to prosecutors, Bankman-Fried allegedly contacted a former employee to “sway potential witness testimony.”

“Cryptos continue to benefit from the broad risk rally on Wall Street. The Fed is nearing the end of its rate hike cycle and that has helped all rate-sensitive assets head into the new year. The headlines in the crypto space have not all been doomed [and] bleak as Moody’s is working on a rating system for stablecoins, Amazon has an NFT initiative and some firms are successfully raising funds. Bitcoin has major resistance at the $24,000 level, so momentum traders will be watching closely for…