Ripple leads way as most big cryptocurrencies post decreases

Most large cryptocurrencies were down during morning trading on Friday, with Ripple
XRPUSD,
+0.41%
seeing the biggest change, falling 1.80% to 54 cents.

Seven additional currencies posted reductions Friday. Polygon
MATICUSD,
+1.33%
declined 1.63% to 98 cents, and Solana
SOLUSD,
+0.36%
fell 1.46% to $101.99.

Ethereum
ETHUSD,
+0.22%
dropped 1.46% to $2,945.87, while Polkadot
DOTUSD,
+2.24%
shed 1.23% to $7.49. Bitcoin
BTCUSD,
-0.28%
dropped 1.13% to $51,055.80.

Cardano
ADAUSD,
-1.13%
and Dogecoin
DOGEUSD,
-0.25%
rounded out the decreases for Friday, dropping 0.96% to 59 cents and 0.73% to 8 cents, respectively.

On the other hand, Uniswap
UNIUSD,
+7.33%
posted the only increase among the largest cryptos, rising 47.16% to $10.92.

In crypto-related company news, shares of Coinbase Global Inc.
COIN,
-2.88%
shed 2.95% to $165.86, while MicroStrategy Inc.
MSTR,
-3.61%
fell 2.69% to $694.00. Riot Platforms Inc.
RIOT,
-5.59%
shares dropped 5.47% to $14.87, and shares of Marathon Digital Holdings Inc.
MARA,
-2.32%
dropped 3.30% to $23.75.

Block Inc.
SQ,
+16.13%
jumped 16.93% to $79.47 and Tesla Inc.
TSLA,
-2.76%
declined 1.69% to $194.08.

PayPal Holdings Inc.
PYPL,
+1.39%
climbed 0.05% to $58.38, and Ebang International Holdings Inc.
EBON,
-7.74%
shares dropped 5.75% to $9.50. NVIDIA Corp.
NVDA,
+0.36%
increased 2.74% to $806.91, and Advanced Micro Devices Inc.
AMD,
-2.94%
declined 2.16% to $177.93.

In the fund space, blockchain-focused Amplify Transformational Data Sharing ETF
BLOK,
-0.95%
dropped 1.10% to $31.35. The Bitwise Crypto Industry Innovators ETF
BITQ,
-3.20%,
which is focused on pure-play crypto companies, dropped 2.28% to $10.70.

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.

Read the full article here