Rise and Fall: A Look at Friday’s Trading
Most major cryptocurrencies experienced positive movement during morning trading on Friday. Cardano (ADAUSD) stood out with the highest surge, increasing by 15.29% to reach 53 cents.
Several other currencies also witnessed upswings:
- Polkadot (DOTUSD) rose by 6.11% to $6.64.
- Solana (SOLUSD) increased by 6.10% to $72.93.
- Polygon (MATICUSD) climbed by 4.90% to 88 cents.
- Dogecoin (DOGEUSD) rose by 3.74% to 10 cents.
- Bitcoin (BTCUSD) experienced a modest increase of 1.17% and reached $43,975.00.
- Ripple (XRPUSD) saw a gain of 1.17% to reach 65 cents.
- Uniswap (UNIUSD) recorded a 1.07% increase and reached $6.35.
On the other hand, Ethereum (ETHUSD) was the only cryptocurrency that experienced a drop, falling by 0.24% to $2,364.68.
Company News
In terms of crypto-related company news, some notable movements were seen:
- Shares of Coinbase Global Inc. (COIN) rose by 3.63% and reached $141.14.
- MicroStrategy Inc. (MSTR) experienced an increase of 3.47% and reached $590.90.
- Riot Platforms Inc. (RIOT) saw a rise of 5.65% and reached $15.72.
- Marathon Digital Holdings Inc. (MARA) witnessed an increase of 6.09% and reached $16.46.
- Block Inc. (SQ) rose by 1.31% and reached $69.37.
- Tesla Inc. (TSLA) recorded a 0.09% increase and reached $242.87.
- PayPal Holdings Inc. (PYPL) experienced a rise of 1.40% and reached $59.30.
- Ebang International Holdings Inc. (EBON) shares shed 1.87% and reached $7.86.
- NVIDIA Corp. (NVDA) witnessed an increase of 1.37% and reached $472.35.
- Advanced Micro Devices Inc. (AMD) climbed by 0.36% and reached $128.84.
Insights From the Fund Space
Turning our attention to the fund space, here are some significant movements:
- The Bitwise Crypto Industry Innovators ETF (BITQ), which focuses on pure-play crypto companies, rose by 3.88% and reached $9.90.
- The blockchain-focused Amplify Transformational Data Sharing ETF (BLOK) witnessed an increase of 1.92% and reached $27.13.
- The Grayscale Bitcoin Trust (GBTC), which tracks the Bitcoin market price, experienced a gain of 2.77% and reached $34.85.
