©Reuters
WEDNESDAY – Cryptocurrencies saw a notable rise, with Dogecoin spearheading the rally with an increase of 8.34%, taking its price to 10 cents. The market’s bullish trend was also reflected in the performance of other digital currencies; Polkadot and Cardano saw their values increase to $6.15 and 44 cents, respectively.
The positive momentum extended beyond individual cryptocurrencies, with cryptocurrency-related funds showing bullish sentiment. The Bitwise Crypto Industry Innovators ETF and the Amplify Transformational Data Sharing ETF both posted gains, while the Grayscale Bitcoin Trust surged, further signaling investor confidence in the sector.
Despite the overall market growth, some assets have seen a slowdown. Uniswap and Ethereum have seen their value fall, and shares of Coinbase Global Inc (NASDAQ:). fell 1.2%. Likewise, MicroStrategy Inc. and Riot Platforms (NASDAQ:) saw their prices decline slightly, unlike shares of Marathon Digital Holdings which rose.
Technology companies with exposure to cryptocurrencies also saw their shares rise, including Block Inc, Tesla (NASDAQ:) Inc, PayPal (NASDAQ:) Holdings, NVIDIA Corp (NASDAQ:) and Advanced Micro Devices.
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