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Uniswap leads decreases as large cryptocurrencies start mixed

Large cryptocurrencies were mixed during morning trading on Wednesday, with Uniswap
UNIUSD,
+0.11%
seeing the biggest move, shedding 5.04% to $6.30.

Polygon
MATICUSD,
-1.08%
lead the increases with a 0.68% climb to 69 cents.

Four other currencies posted decreases Wednesday. Dogecoin
DOGEUSD,
-1.33%
slipped 1.00% to 8 cents, and Ripple
XRPUSD,
-3.05%
slid 0.99% to 69 cents.

Cardano
ADAUSD,
-2.18%
and Solana
SOLUSD,
-1.56%
also recorded declines, falling 0.49% to 31 cents and 0.43% to $23.42, respectively.

In addition to Polygon, three other cryptocurrencies saw increases. Bitcoin
BTCUSD,
+0.01%
climbed 0.66% to $29,399.80, and Ethereum
ETHUSD,
-0.34%
rose 0.12% to $1,851.64.

Polkadot
DOTUSD,
-0.72%,
which saw the smallest increase, climbed 0.09% to $5.13.

In crypto-related company news, shares of Coinbase Global Inc.
COIN,
-3.95%
dropped 1.21% to $93.01, while MicroStrategy Inc.
MSTR,
-6.36%
declined 1.60% to $428.00. Riot Platforms Inc.
RIOT,
-1.43%
shares rose 4.53% to $19.06, and shares of Marathon Digital Holdings Inc.
MARA,
-2.08%
rose 1.37% to $17.06.

Overstock.com Inc.
OSTK,
+2.16%
shed 2.35% to $36.19, while Block Inc.
SQ,
-5.42%
dropped 3.18% to $76.26 and Tesla Inc.
TSLA,
-2.67%
slid 0.78% to $259.03.

PayPal Holdings Inc.
PYPL,
-3.08%
fell 1.97% to $74.04, and Ebang International Holdings Inc.
EBON,
-2.77%
shares climbed 1.17% to $9.14. NVIDIA Corp.
NVDA,
-4.81%
declined 2.72% to $452.42, and Advanced Micro Devices Inc.
AMD,
-7.02%
dropped 3.35% to $113.66.

In the fund space, the Bitwise Crypto Industry Innovators ETF
BITQ,
-3.98%,
which is focused on pure-play crypto companies, climbed 0.41% to $9.83. Blockchain-focused Amplify Transformational Data Sharing ETF
BLOK,
-2.46%
slid 0.35% to $25.56. Grayscale Bitcoin Trust
GBTC,
+0.63%,
which tracks the Bitcoin market price, rose 0.60% to $19.15.


Editor’s Note: This story was auto-generated by Automated Insights, an automation technology provider, using data from Dow Jones and FactSet. See our market data terms of use.

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This article was written by Follow Manika is a macroeconomist with over 20 years of experience in industries including investment management, stock broking, investment...