© Reuters.
WEDNESDAY – Cryptocurrencies experienced a notable surge, with Dogecoin leading the rally with an 8.34% increase, lifting its price by 10 cents. The broader market uptrend is also reflected in the performance of other digital currencies; Polkadot and Cardano saw their values increase by $6.15 and 44 cents, respectively.
The positive momentum extends beyond individual cryptocurrencies, with crypto-related funds displaying bullish sentiment. Bitwise Crypto Industry Innovators ETF and Amplify Transformational Data Sharing ETF both reported gains, while Grayscale Bitcoin Trust rose sharply, continuing to show investor confidence in the sector.
Despite the overall market growth, some assets have experienced a downturn. Uniswap and Ethereum saw their values fall, and Coinbase (NASDAQ:) Global Inc. decreased by 1.2%. Similarly, MicroStrategy Inc. and Riot Platforms (NASDAQ:) saw their share prices fall slightly, in contrast to Marathon Digital Holdings’ shares rising.
Technology companies with exposure to crypto also enjoyed stock growth, including Block Inc., Tesla (NASDAQ:) Inc., PayPal (NASDAQ:) Holdings, NVIDIA Corp. and Advanced Micro Devices.
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