Cryptocurrencies had a great weekend and are off on the right foot on Monday as well. Economic news last week gave investors reason to move further out on the risk curve, and that meant in part bidding up the value of cryptocurrencies.

Three of the biggest movers were Ethereum (CRYPTO: ETH), Dogecoin (CRYPTO: DOGE), and Shiba Inu (CRYPTO: SHIB). Ethereum rose as much as 5.4% between Friday's close and noon ET on Monday and is now up 4.8% over that time. Dogecoin had a more pronounced move, climbing 10.2% and currently trading 9.1% higher. Shiba Inu is at its high point, up 7.1%.

The economic news last week helped push markets, including cryptocurrencies, higher to end the week. Investors saw the Federal Reserve's decision to pause rate hikes as a positive and there was a lot of speculation that rates would be kept flat through the end of the year.

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Source Fool.com