Investing

Large cryptocurrencies drop on Solana, Ripple declines

All large cryptocurrencies were down during morning trading on Monday, with Solana
SOLUSD,
-9.02%
seeing the biggest move, tumbling 3.25% to $21.45.

Ripple
XRPUSD,
-6.87%
shed 2.58% to 53 cents, and Cardano
ADAUSD,
-6.93%
declined 2.44% to 37 cents.

Dogecoin
DOGEUSD,
-8.69%
shed 2.44% to 7 cents on Monday, while Ethereum
ETHUSD,
-5.08%
declined 1.96% to $1,867.19 and Polygon
MATICUSD,
-6.12%
fell 1.99% to 89 cents.

Bitcoin
BTCUSD,
-5.30%
and Uniswap
UNIUSD,
-7.28%
fell 1.92% to $26,723.80 and 1.70% to $4.97

Polkadot
DOTUSD,
-6.30%
posted the smallest drop with a 1.33% decline to $5.28.

In crypto-related company news, shares of Coinbase Global Inc.
COIN,
-10.24%
declined 3.56% to $62.26, while MicroStrategy Inc.
MSTR,
-8.29%
shed 3.21% to $292.43. Riot Platforms Inc.
RIOT,
-9.50%
shares fell 3.59% to $11.29, and shares of Marathon Digital Holdings Inc.
MARA,
-7.48%
declined 2.09% to $9.82.

Overstock.com Inc.
OSTK,
-0.08%
rose 0.20% to $19.72, while Block Inc.
SQ,
+0.47%
slid 0.88% to $62.90 and Tesla Inc.
TSLA,
+1.87%
increased 2.24% to $218.77.

PayPal Holdings Inc.
PYPL,
+1.39%
rose 0.39% to $64.21, and Ebang International Holdings Inc.
EBON,
-1.89%
shares climbed 0.16% to $6.37. NVIDIA Corp.
NVDA,
-0.69%
dropped 1.22% to $388.46, and Advanced Micro Devices Inc.
AMD,
+0.65%
slid 0.82% to $116.89.

In the fund space, blockchain-focused Amplify Transformational Data Sharing ETF
BLOK,
-3.11%
declined 1.47% to $20.25. The Bitwise Crypto Industry Innovators ETF
BITQ,
-5.59%,
which is focused on pure-play crypto companies, fell 1.82% to $7.02. Grayscale Bitcoin Trust
GBTC,
-4.21%,
which tracks the Bitcoin market price, dropped 2.64% to $14.00.


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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