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Large cryptocurrencies climb on Polygon, Cardano increases

All large cryptocurrencies were up during morning trading on Tuesday, with Polygon
MATICUSD,
+0.59%
seeing the biggest change, rising 1.92% to 67 cents.

Cardano
ADAUSD,
-0.40%
rose 1.41% to 29 cents, while Polkadot
DOTUSD,
-0.05%
increased 1.13% to $5.00.

Solana
SOLUSD,
+1.35%
and Ripple
XRPUSD,
+1.21%
climbed 1.04% to $23.21 and 0.94% to 62 cents, respectively.

Dogecoin
DOGEUSD,
+1.03%
rose 0.61% to 7 cents, and Bitcoin
BTCUSD,
-0.27%
rose 0.61% to $29,337.00.

Uniswap
UNIUSD,
+0.46%
and Ethereum
ETHUSD,
-0.11%
rounded out the increases for Tuesday, climbing 0.57% to $5.87 and 0.51% to $1,834.49, respectively.

In crypto-related company news, shares of Coinbase Global Inc.
COIN,
+2.42%
rose 0.84% to $86.68, while MicroStrategy Inc.
MSTR,
+5.03%
increased 2.88% to $381.50. Riot Platforms Inc.
RIOT,
+4.75%
shares climbed 1.59% to $16.58, and shares of Marathon Digital Holdings Inc.
MARA,
+4.31%
rose 1.73% to $15.33.

Overstock.com Inc.
OSTK,
-0.82%
declined 2.01% to $32.11, while Block Inc.
SQ,
-2.55%
declined 1.41% to $63.11 and Tesla Inc.
TSLA,
-0.70%
shed 1.91% to $246.65.

PayPal Holdings Inc.
PYPL,
-1.91%
shed 1.26% to $63.61, and Ebang International Holdings Inc.
EBON,
+5.49%
shares increased 3.31% to $8.28. NVIDIA Corp.
NVDA,
-1.66%
shed 1.59% to $446.95, and Advanced Micro Devices Inc.
AMD,
-3.06%
fell 2.83% to $113.50.

In the fund space, the Bitwise Crypto Industry Innovators ETF
BITQ,
+3.89%,
which is focused on pure-play crypto companies, rose 0.57% to $8.79. Blockchain-focused Amplify Transformational Data Sharing ETF
BLOK,
+0.79%
dropped 1.41% to $23.81. Grayscale Bitcoin Trust
GBTC,
+4.85%,
which tracks the Bitcoin market price, rose 0.63% to $19.28.


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...

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