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Large cryptocurrencies mixed as Polygon drops

Large cryptocurrencies were mixed during morning trading on Friday, with Uniswap
UNIUSD,
+3.75%
seeing the biggest move, climbing 1.49% to $5.94.

Polygon
MATICUSD,
+1.03%
led the decreases with a 0.31% drop to 71 cents.

Five other cryptocurrencies saw increases Friday. Cardano
ADAUSD,
+0.46%
climbed 1.32% to 31 cents, and Ethereum
ETHUSD,
+0.13%
rose 0.63% to $1,870.50.

Bitcoin
BTCUSD,
+0.04%
climbed 0.55% to $29,287.80, and Polkadot
DOTUSD,
+0.82%
rose 0.27% to $5.22.

Dogecoin
DOGEUSD,
+4.11%,
which saw the smallest increase, climbed 0.04% to 8 cents.

In addition to Polygon, two other currencies posted drops. Solana
SOLUSD,
+0.84%
sank 0.24% to $24.72, and Ripple
XRPUSD,
-0.18%
slipped 0.13% to 71 cents.

In crypto-related company news, shares of Coinbase Global Inc.
COIN,
+2.23%
rose 2.61% to $95.11, while MicroStrategy Inc.
MSTR,
+1.99%
increased 1.28% to $431.60. Riot Platforms Inc.
RIOT,
+4.43%
shares climbed 2.50% to $18.04, and shares of Marathon Digital Holdings Inc.
MARA,
+4.57%
increased 1.69% to $16.24.

Overstock.com Inc.
OSTK,
-0.09%
shed 2.83% to $34.03, while Block Inc.
SQ,
+3.42%
climbed 2.94% to $78.00 and Tesla Inc.
TSLA,
+4.20%
rose 2.64% to $262.45.

PayPal Holdings Inc.
PYPL,
+2.71%
increased 2.36% to $73.73, and Ebang International Holdings Inc.
EBON,
+6.57%
shares increased 2.81% to $8.77. NVIDIA Corp.
NVDA,
+1.85%
increased 1.48% to $465.79, and Advanced Micro Devices Inc.
AMD,
+1.67%
rose 2.09% to $113.43.

In the fund space, the Bitwise Crypto Industry Innovators ETF
BITQ,
+2.81%,
which is focused on pure-play crypto companies, rallied 2.07% to $9.81. Blockchain-focused Amplify Transformational Data Sharing ETF
BLOK,
+1.63%
increased 1.68% to $25.66. Grayscale Bitcoin Trust
GBTC,
+1.82%,
which tracks the Bitcoin market price, climbed 0.46% to $18.48.


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 Manika is a macroeconomist with over 20 years of experience in industries including investment management, stock broking, investment...

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