Most big cryptocurrencies surge, with Dogecoin as the frontrunner
On Friday, several major cryptocurrencies experienced gains in morning trading. Dogecoin saw the largest increase, climbing 7.25% to reach 7 cents. Other cryptocurrencies that saw rises included Uniswap, which rallied 5.22% to $6.19, and Polkadot, which rose 3.81% to $5.45. Solana and Polygon also experienced slight gains of 0.71% and 0.55% respectively. Bitcoin and Ethereum had smaller increases of 0.11% and 0.11% respectively.
However, Ripple and Cardano saw decreases of 0.62% and 0.39% respectively. In terms of crypto-related companies, Coinbase Global Inc. and MicroStrategy Inc. both experienced declines in their share prices, while Riot Platforms Inc. and Marathon Digital Holdings Inc. saw more significant drops. Overstock.com Inc. had a slight increase, while Block Inc., Tesla Inc., PayPal Holdings Inc., Ebang International Holdings Inc., NVIDIA Corp., and Advanced Micro Devices Inc. all saw declines in their share prices.
In the fund space, the blockchain-focused Amplify Transformational Data Sharing ETF had a 1.23% drop, while the Bitwise Crypto Industry Innovators ETF, which focuses on pure-play crypto companies, had a larger drop of 3.18%. Grayscale Bitcoin Trust, which tracks the Bitcoin market price, had a 1.43% increase.
Note: This content was automatically generated by Automated Insights using data from Dow Jones and FactSet.
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