Cryptocurrency Market Update

Large cryptocurrencies experienced mixed performances during morning trading on Friday, with some seeing significant moves. Let’s take a closer look at the highlights:

Polkadot (DOTUSD)

Polkadot witnessed the biggest decline, shedding 1.57% to reach a price of $4.17.

Cardano (ADAUSD)

On the other hand, Cardano led the increases with a climb of 1.34%, reaching 29 cents.

Other Declining Currencies

Four other cryptocurrencies posted drops on Friday. Dogecoin slipped by 1.08% to 7 cents, while Polygon slid by 0.89% to 63 cents.

Ethereum and Bitcoin

Both Ethereum and Bitcoin also recorded declines. Ethereum fell by 0.41% to $1,791.43, while Bitcoin dropped by 0.12% to $34,152.90.

Other Cryptocurrency Gains

Apart from Cardano, three other cryptocurrencies saw increases. Uniswap rose by 0.61% to $4.12, and Solana climbed by 0.28% to $32.57. Ripple saw the smallest increase of 0.17% and reached a price of 55 cents.

In terms of crypto-related company news:

  • Shares of Coinbase Global Inc. slipped by 0.24% to $74.43.
  • MicroStrategy Inc. inched down by 0.58% to $411.05.
  • Riot Platforms Inc. shares increased by 1.22% to $9.91.
  • Marathon Digital Holdings Inc. rose by 1.95% to $9.17.

Other notable movements include:

  • Inc. increased by 0.13% to $15.42.
  • Block Inc. fell by 4.61% to $39.76.
  • Tesla Inc. saw a rise of 1.55% to $208.95.
  • PayPal Holdings Inc. declined by 1.66% to $50.89.
  • Ebang International Holdings Inc. shares rose by 0.75% to $6.75.
  • NVIDIA Corp. increased by 0.80% to $406.49.
  • Advanced Micro Devices Inc. rose by 1.70% to $95.26.

Crypto-Focused Funds

In the fund space, some notable performances include:

  • Amplify Transformational Data Sharing ETF, which focuses on blockchain, climbed by 0.84% to $20.53.
  • Bitwise Crypto Industry Innovators ETF, which is focused on pure-play crypto companies, rose by 0.73% to $6.88.
  • Grayscale Bitcoin Trust, which tracks the Bitcoin market price, climbed by 2.21% to $26.34.
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