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Cryptocurrency Market Update


Most large cryptocurrencies experienced a decline during morning trading on Friday. The biggest move was seen by Polkadot (DOT), which declined by 5.26% to reach $7.14.

Dogecoin (DOGE) dropped 3.31% to 9 cents, while Ethereum (ETH) fell 2.34% to $2,244.29.

Other cryptocurrencies also posted reductions on Friday. Uniswap (UNI) declined 2.34% to $6.17, Cardano (ADA) shed 2.19% to 62 cents, and Ripple (XRP) dropped 2.16% to 62 cents.

Bitcoin (BTC) and Polygon (MATIC) rounded out the decreases for the day, dropping 1.84% to $42,182.10 and 1.67% to 86 cents, respectively.

Despite the overall downward trend, Solana (SOL) experienced an increase of 2.29% to reach $76.42.

In company news related to the crypto industry, shares of Coinbase Global Inc. fell 3.03% to $148.97, MicroStrategy Inc. declined 1.87% to $571.50, Riot Platforms Inc. shares dropped 2.60% to $15.34, and Marathon Digital Holdings Inc. shed 2.10% to $17.45.

Block Inc. inched down 0.27% to $74.56, and Tesla Inc. sank 0.49% to $249.83.

PayPal Holdings Inc. slid 0.65% to $61.47, and Ebang International Holdings Inc. shares dropped 1.03% to $7.22.

In positive news, NVIDIA Corp. rose 1.26% to $489.60, and Advanced Micro Devices Inc. increased by 0.73% to $139.01.

In the fund space, the blockchain-focused Amplify Transformational Data Sharing ETF shed 1.10% to $28.00. The Bitwise Crypto Industry Innovators ETF, which is focused on pure-play crypto companies, declined 1.66% to $10.10. Grayscale Bitcoin Trust, which tracks the Bitcoin market price, declined 2.21% to $34.13.


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