Investing

Dogecoin leads way as most big cryptocurrencies post advances

Most large cryptocurrencies were up during morning trading on Friday, with Dogecoin
DOGEUSD,
-2.39%
seeing the biggest move, climbing 7.25% to 7 cents.

Six additional currencies posted rises Friday. Uniswap
UNIUSD,
-1.05%
rallied 5.22% to $6.19, and Polkadot
DOTUSD,
-2.53%
rose 3.81% to $5.45.

Solana
SOLUSD,
-0.12%
rose 0.71% to $25.38, while Polygon
MATICUSD,
-1.14%
rose 0.55% to 77 cents. Bitcoin
BTCUSD,
+0.02%
rose 0.11% to $29,809.40.

Ethereum
ETHUSD,
-0.30%,
which posted the smallest increase, rose 0.11% to $1,889.26.

On the other hand, two cryptos posted decreases, with Ripple
XRPUSD,
-1.73%
seeing the largest drop at 0.62% to 77 cents. Cardano
ADAUSD,
-0.32%
inched down 0.39% to 31 cents.

In crypto-related company news, shares of Coinbase Global Inc.
COIN,
-0.43%
dropped 1.62% to $99.62, while MicroStrategy Inc.
MSTR,
-0.95%
shed 2.40% to $430.27. Riot Platforms Inc.
RIOT,
-0.49%
shares dropped 5.39% to $17.48, and shares of Marathon Digital Holdings Inc.
MARA,
-1.06%
fell 3.46% to $16.47.

Overstock.com Inc.
OSTK,
+0.95%
rose 0.66% to $31.95, while Block Inc.
SQ,
-0.07%
inched down 0.51% to $75.78 and Tesla Inc.
TSLA,
-1.10%
sank 0.29% to $262.15.

PayPal Holdings Inc.
PYPL,
-0.04%
slid 1.00% to $72.29, and Ebang International Holdings Inc.
EBON,
-7.60%
shares declined 7.32% to $10.00. NVIDIA Corp.
NVDA,
-2.66%
fell 1.10% to $450.21, and Advanced Micro Devices Inc.
AMD,
+0.63%
rose 0.02% to $110.27.

In the fund space, blockchain-focused Amplify Transformational Data Sharing ETF
BLOK,
-0.12%
dropped 1.23% to $25.34. The Bitwise Crypto Industry Innovators ETF
BITQ,
-0.30%,
which is focused on pure-play crypto companies, dropped 3.18% to $9.73. Grayscale Bitcoin Trust
GBTC,
+1.45%,
which tracks the Bitcoin market price, rose 1.43% to $19.87.


Editor’s Note: This story was auto-generated by Automated Insights, an automation technology provider, using data from Dow Jones and FactSet. See our market data terms of use.

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This article was written by Follow Fredrik Arnold is a retired quality service analyst sharing investment ideas with a primary focus on dividend yields...

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