TSMC leads the rally in chip stocks, Bitcoin falls back to 95K

US stocks rebounded, TSMC’s earnings forecast ignited bullish momentum, the chip sector surged strongly, and bank stocks also performed well. Bitcoin (BTC) retreated from 97K to above 95K. X updated its API policy, banning all “reward posting” type applications and revoking related API access rights, causing coins like Kaito and Cookie to drop over 20%.

TSMC leads the chip stocks higher, bank stocks rise on profit boosts

Chip stocks rallied following TSMC. TSMC announced another record-breaking quarterly performance and projected capital expenditures for 2026 to increase to between $52 billion and $56 billion, demonstrating confidence in its AI infrastructure. Boosted by this news, the company’s stock rose over 4%, hitting a new all-time high.

Bank stocks gained on the latest quarterly earnings report. Goldman Sachs’ Q4 profits exceeded Wall Street expectations, with shares rising over 4%. Morgan Stanley’s stock increased nearly 6% driven by its wealth management division’s Q4 revenue and profit surpassing expectations, with both stocks hitting 52-week highs.

Latest economic data also shows a resilient labor market. For the week ending January 10, initial unemployment claims were 198,000, below economists’ forecast of 215,000.

Bitcoin retreats to 95K, X ban wipes out InfoFi sector

In the past 24 hours, the cryptocurrency market declined 1.64%, with selling pressure increasing after recent gains. Bitcoin performed relatively well, contrasting with the weakness of altcoins.

X updated its API policy, banning all “reward posting” applications and revoking related API access rights. This move directly impacted social finance (SocialFi/InfoFi) projects relying on X, with coins like Kaito and Cookie dropping over 20%.

(X bans API, Crypto Twitter “InfoFi” enters history, Kaito drops over 20%)

Bitcoin (BTC) retreated from 97K to above 95K, influenced by altcoin declines, with Bitcoin’s dominance rising to 59.1%. After a sluggish Q4 2025, capital is flowing back rapidly through spot ETF channels. Data shows recent Bitcoin spot ETF inflows reached the largest single-day inflow since the October crash last year, amounting to $753 million, reflecting restored market confidence. The Fear & Greed Index has risen to 54, approaching the greed threshold.

(Bitcoin spot ETF sees largest inflow since October crash, is a crypto spring coming?)

This article about TSMC leading chip stocks and Bitcoin retreating to 95K was first published on Chain News ABMedia.