The crypto market saw mixed results in Friday's trading, with Bitcoin and Ether experiencing slight dips but remaining higher for the week overall. However, Polygon (MATIC) saw significant gains, rising 13% to $1.12 following news of partnership support from blockchain analytics firm Arkham Intelligence in early 2023. This marks the latest in a series of bullish developments for MATIC, which has surged nearly 50% since the start of the year, thanks to partnerships with Mastercard and NFT gaming platform Fractal expanding onto the Polygon network.
Overall, the total crypto market capitalization grew by 0.14% to $1.05 trillion, while trading volume dropped 10% to $55.38 billion. Meanwhile, U.S. equities saw positive growth, with the Dow Jones Industrial Average up 0.61%, the S&P 500 up 1.1%, and the Nasdaq Composite up 1.76%, driven by stronger economic indicators and the potential for a soft landing after last year's interest rate hikes.
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