Cryptocurrency Market Update



In the morning trading session on Friday, the performance of large cryptocurrencies was mixed. Notably, Polygon (MATICUSD) saw the biggest gain, rising 3.47% to reach 91 cents. On the other hand, Solana (SOLUSD) led the decreases with a 2.26% drop, bringing its price down to $109.50.

Cryptocurrency Gains

Among the cryptocurrencies that experienced increases, Bitcoin (BTCUSD) climbed 1.02% to $51,884.00, while Uniswap (UNIUSD) rose 0.93% to $7.40. Dogecoin (DOGEUSD) had the smallest increase of 0.25%, reaching a price of 8 cents.

Cryptocurrency Declines

In addition to Solana, four other currencies posted decreases. Ripple (XRPUSD) inched down 0.91% to 56 cents, and Cardano (ADAUSD) sank 0.19% to 59 cents. Ethereum (ETHUSD) and Polkadot (DOTUSD) also recorded declines, falling 0.07% to $2,793.19 and 0.02% to $7.65, respectively.

In terms of crypto-related companies, Coinbase Global Inc. (COIN) witnessed a surge of 10.12% to $182.44. Meanwhile, MicroStrategy Inc. (MSTR) experienced a slight decline of 0.89%, settling at $711.59. Riot Platforms Inc. (RIOT) shares dropped 2.14% to $16.18, and Marathon Digital Holdings Inc. (MARA) declined by 1.30% to $26.67.

Other notable movements in the market include Block Inc. (SQ) falling 4.89% to $66.09 and Tesla Inc. (TSLA) declining 1.23% to $197.99. Additionally, PayPal Holdings Inc. (PYPL) saw a decline of 1.84% to $58.60, while Ebang International Holdings Inc. (EBON) witnessed a rise of 3.45% to $11.56. NVIDIA Corp. (NVDA) rose 0.01% to $726.64, and Advanced Micro Devices Inc. (AMD) declined by 1.45% to $174.21.

Focused Funds

Within the fund space, the blockchain-focused Amplify Transformational Data Sharing ETF (BLOK) slipped 0.68% to $31.95. The Bitwise Crypto Industry Innovators ETF (BITQ), which is dedicated to pure-play crypto companies, sank 0.77% to $11.66.

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