Cryptocurrency Market Update

1 Mins read

Dogecoin Leads the Way with 7.25% Surge

In morning trading on Friday, the majority of large cryptocurrencies experienced gains, with Dogecoin (DOGEUSD) taking the lead by climbing 7.25% to reach 7 cents. This upward momentum was reflected in six additional currencies as well. Uniswap (UNIUSD) rallied 5.22% to $6.19, while Polkadot (DOTUSD) rose by 3.81% to $5.45.

Other Notable Gains and Losses

Solana (SOLUSD) registered a modest increase of 0.71% and reached $25.38, while Polygon (MATICUSD) saw a slight rise of 0.55% to reach 77 cents. Bitcoin (BTCUSD) experienced a marginal 0.11% increase, settling at $29,809.40. Meanwhile, Ethereum (ETHUSD) had the smallest increase of all, rising by 0.11% to reach $1,889.26.

In contrast, two cryptocurrencies experienced declines during this period. Ripple (XRPUSD) saw the largest drop, decreasing by 0.62% to 77 cents. Cardano (ADAUSD) also dipped by 0.39%, settling at 31 cents.

Company Performance in the Crypto Space

In terms of crypto-related companies, Coinbase Global Inc. (COIN) witnessed a decrease of 1.62%, with its shares reaching $99.62. MicroStrategy Inc. (MSTR) saw a drop of 2.40%, resulting in shares valued at $430.27. Riot Platforms Inc. (RIOT) experienced a substantial decline of 5.39%, with its shares falling to $17.48. Similarly, Marathon Digital Holdings Inc. (MARA) witnessed a decrease of 3.46%, with shares valued at $16.47.

On a more positive note, Inc. (OSTK) observed a 0.66% increase, reaching $31.95. Block Inc. (SQ) experienced a slight decline of 0.51%, settling at $75.78, while Tesla Inc. (TSLA) saw a slight decrease of 0.29% as shares reached $262.15.

PayPal Holdings Inc. (PYPL) witnessed a decline of 1.00%, with its shares valued at $72.29. Ebang International Holdings Inc. (EBON) experienced a significant drop of 7.32% as shares reached $10.00. NVIDIA Corp. (NVDA) saw a decrease of 1.10%, with shares valued at $450.21, while Advanced Micro Devices Inc. (AMD) registered a minor increase of 0.02%, with shares valued at $110.27.

Highlights in the Fund Space

Within the fund space, the Amplify Transformational Data Sharing ETF (BLOK), which focuses on blockchain technologies, experienced a decline of 1.23% and reached $25.34. The Bitwise Crypto Industry Innovators ETF (BITQ), which primarily invests in pure-play crypto companies, observed a decline of 3.18%, with shares valued at $9.73. On the other hand, the Grayscale Bitcoin Trust (GBTC), which tracks the Bitcoin market price, saw a notable increase of 1.43% and settled at $19.87.

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