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Solana leads gains as large cryptocurrencies start mixed

Large cryptocurrencies were mixed during morning trading on Friday, with Solana
SOLUSD,
+1.26%
seeing the biggest move, rising 1.83% to $23.38.

Ripple
XRPUSD,
-1.39%
led the decreases with a 1.30% drop to 66 cents.

Five other cryptocurrencies saw increases Friday. Uniswap
UNIUSD,
+0.34%
climbed 0.62% to $6.19, and Polkadot
DOTUSD,
+0.18%
climbed 0.45% to $5.03.

Dogecoin
DOGEUSD,
+0.19%
climbed 0.14% to 7 cents, and Polygon
MATICUSD,
+0.12%
climbed 0.13% to 67 cents.

Cardano
ADAUSD,
+0.36%,
which saw the smallest increase, climbed 0.01% to 29 cents.

In addition to Ripple, two other currencies posted drops. Bitcoin
BTCUSD,
+0.35%
slid 0.22% to $29,225.80, and Ethereum
ETHUSD,
-0.11%
slid 0.09% to $1,841.84.

In crypto-related company news, shares of Coinbase Global Inc.
COIN,
-0.83%
climbed 1.00% to $91.66, while MicroStrategy Inc.
MSTR,
-0.78%
rose 0.02% to $390.00. Riot Platforms Inc.
RIOT,
-0.00%
shares slid 0.23% to $17.77, and shares of Marathon Digital Holdings Inc.
MARA,
-0.45%
sank 0.51% to $16.48.

Overstock.com Inc.
OSTK,
-4.03%
fell 4.28% to $34.67, while Block Inc.
SQ,
-11.60%
tumbled 12.54% to $64.33 and Tesla Inc.
TSLA,
+0.05%
slid 0.05% to $259.19.

PayPal Holdings Inc.
PYPL,
-1.15%
fell 1.55% to $63.19, and Ebang International Holdings Inc.
EBON,
+1.61%
shares rallied 4.49% to $9.07. NVIDIA Corp.
NVDA,
+1.88%
climbed 0.42% to $447.01, and Advanced Micro Devices Inc.
AMD,
+4.07%
increased 1.22% to $114.53.

In the fund space, blockchain-focused Amplify Transformational Data Sharing ETF
BLOK,
+0.04%
inched down 0.24% to $24.67. The Bitwise Crypto Industry Innovators ETF
BITQ,
-1.07%,
which is focused on pure-play crypto companies, declined 1.18% to $9.20. Grayscale Bitcoin Trust
GBTC,
+1.09%,
which tracks the Bitcoin market price, was flat at $19.30.


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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