Large Cryptocurrencies Mixed As Dogecoin Climbs

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Large cryptocurrencies were mixed during U.S. morning trading on Friday, with Dogecoin seeing the biggest move, rising 1.79% to 10 cents.

Cardano led the decreases with a 0.80% drop to 35 cents.

Four other cryptocurrencies saw increases Friday. Polkadot rose 1.42% to $4.29, and Chainlink climbed 0.98% to $11.08.

Avalanche and Bitcoin rounded out the increases, inching up 0.47% to $23.30 and 0.29% to $59,696.30.

In addition to Cardano, three other currencies posted drops. Ethereum slipped 0.56% to $2,525.82, and Solana sank 0.40% to $139.73.

Ripple , which rounded out the decreases, inched down 0.06% to 56 cents.

In crypto-related company news, shares of Coinbase Global Inc. rose 0.05% to $188.38, while MicroStrategy Inc. rose 1.21% to $134.17. Riot Platforms Inc. shares rose 0.33% to $7.71, and shares of Marathon Digital Holdings Inc. climbed 0.91% to $17.15.

Block Inc. sank 0.18% to $66.30 and Tesla Inc. increased 1.68% to $209.75.

PayPal Holdings Inc. slipped 0.54% to $72.77, and Ebang International Holdings Inc. shares rose 1.06% to $5.74. NVIDIA Corp. climbed 3.13% to $121.27, and Advanced Micro Devices Inc. increased 2.01% to $148.42.

In the fund space, blockchain-focused Amplify Transformational Data Sharing ETF rose 0.24% to $35.33. The Bitwise Crypto Industry Innovators ETF , which is focused on pure-play crypto companies, climbed 0.12% to $12.42.

Data source: Dow Jones Market Data, FactSet

(END) Dow Jones Newswires

August 30, 2024 10:01 ET (14:01 GMT)

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