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Ethereum leads way as most big cryptocurrencies post drops

Most large cryptocurrencies were down during morning trading on Tuesday, with Ethereum
ETHUSD,
+0.85%
seeing the biggest change, shedding 1.24% to $1,868.47.

Six additional currencies posted decreases Tuesday. Ripple
XRPUSD,
+0.39%
fell 1.23% to 47 cents, and Dogecoin
DOGEUSD,
+0.93%
declined 1.23% to 6 cents.

Uniswap
UNIUSD,
+2.71%
fell 1.23% to $5.24, while Bitcoin
BTCUSD,
+0.63%
shed 1.10% to $30,436.70. Polygon
MATICUSD,
-0.12%
slid 0.76% to 74 cents.

Polkadot
DOTUSD,
+1.33%,
which posted the smallest decrease, slipped 0.70% to $5.15

On the other hand, two cryptos posted increases, with Solana
SOLUSD,
+0.41%
seeing the largest rise at 3.61% to $22.12. Cardano
ADAUSD,
+1.16%
climbed 0.30% to 29 cents.

In crypto-related company news, shares of Coinbase Global Inc.
COIN,
+9.78%
increased 3.97% to $84.43, while MicroStrategy Inc.
MSTR,
+1.13%
dropped 1.64% to $401.02. Riot Platforms Inc.
RIOT,
+3.86%
shares climbed 0.47% to $16.94, and shares of Marathon Digital Holdings Inc.
MARA,
+2.78%
rose 1.42% to $17.16.

Overstock.com Inc.
OSTK,
+3.85%
climbed 2.27% to $30.25, while Block Inc.
SQ,
+2.95%
rose 1.06% to $69.79 and Tesla Inc.
TSLA,
+0.07%
sank 0.13% to $269.26.

PayPal Holdings Inc.
PYPL,
+1.93%
rose 0.59% to $69.69, and Ebang International Holdings Inc.
EBON,
+17.69%
shares jumped 11.79% to $8.72. NVIDIA Corp.
NVDA,
+0.53%
climbed 0.28% to $422.98, and Advanced Micro Devices Inc.
AMD,
-1.99%
fell 2.14% to $111.15.

In the fund space, blockchain-focused Amplify Transformational Data Sharing ETF
BLOK,
+1.29%
rose 0.44% to $25.00. The Bitwise Crypto Industry Innovators ETF
BITQ,
+2.26%,
which is focused on pure-play crypto companies, climbed 0.23% to $9.76. Grayscale Bitcoin Trust
GBTC,
-0.30%,
which tracks the Bitcoin market price, inched down 0.25% to $19.94.


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 Leo Nelissen is an analyst focusing on major economic developments related to supply chains, infrastructure, and commodities. He...