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Large cryptocurrencies drop on Polygon, Ripple declines

All large cryptocurrencies were down during morning trading on Friday, with Polygon
MATICUSD,
-0.67%
seeing the biggest move, dropping 5.06% to 57 cents.

Ripple
XRPUSD,
+0.19%
shed 4.05% to 46 cents, and Cardano
ADAUSD,
-0.63%
dropped 1.91% to 26 cents.

Uniswap
UNIUSD,
-0.57%
declined 1.91% to $4.39 on Friday, while Solana
SOLUSD,
-0.65%
shed 1.49% to $14.57 and Polkadot
DOTUSD,
-0.12%
declined 1.66% to $4.33.

Dogecoin
DOGEUSD,
-0.85%
and Ethereum
ETHUSD,
-0.53%
fell 0.73% to 6 cents and 0.38% to $1,661.68

Bitcoin
BTCUSD,
-0.28%
rounded out the decreases with a 0.37% decline to $25,468.40.

In crypto-related company news, shares of Coinbase Global Inc.
COIN,
+2.47%
rose 1.86% to $55.26, while MicroStrategy Inc.
MSTR,
+5.57%
climbed 1.98% to $283.42. Riot Platforms Inc.
RIOT,
+4.31%
shares rose 0.50% to $10.02, and shares of Marathon Digital Holdings Inc.
MARA,
+6.62%
climbed 0.22% to $9.38.

Overstock.com Inc.
OSTK,
-0.77%
climbed NaN% to $22.10, while Block Inc.
SQ,
+0.48%
climbed 1.86% to $67.42 and Tesla Inc.
TSLA,
+1.81%
rose 2.38% to $262.00.

PayPal Holdings Inc.
PYPL,
+0.88%
climbed 0.84% to $66.40, and Ebang International Holdings Inc.
EBON,
+1.43%
shares shed 3.42% to $6.77. NVIDIA Corp.
NVDA,
+0.09%
increased 1.58% to $433.29, and Advanced Micro Devices Inc.
AMD,
-3.35%
declined 1.96% to $121.81.

In the fund space, blockchain-focused Amplify Transformational Data Sharing ETF
BLOK,
+1.19%
rose 0.32% to $20.26. The Bitwise Crypto Industry Innovators ETF
BITQ,
+2.23%,
which is focused on pure-play crypto companies, was flat at $6.72. Grayscale Bitcoin Trust
GBTC,
+12.84%,
which tracks the Bitcoin market price, increased 1.77% to $13.64.


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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