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Large cryptocurrencies mixed as Ripple rises

Large cryptocurrencies were mixed during morning trading on Tuesday, with Solana
SOLUSD,
+3.95%
seeing the biggest move, declining 3.87% to $25.36.

Ripple
XRPUSD,
+3.29%
lead the increases with a 3.72% climb to 76 cents.

Five other currencies posted drops Tuesday. Polygon
MATICUSD,
+2.26%
fell 2.72% to 75 cents, and Cardano
ADAUSD,
+4.55%
fell 1.32% to 30 cents.

Dogecoin
DOGEUSD,
+1.83%
declined 1.17% to 7 cents, and Bitcoin
BTCUSD,
+1.05%
slipped 29,801.50% to $29,801.50.

Polkadot
DOTUSD,
+1.36%
recorded the smallest decline, shedding 0.05% to $5.20.

In addition to Ripple, two other cryptocurrencies saw increases. Uniswap
UNIUSD,
+1.09%
climbed 2.80% to $5.95, and Ethereum
ETHUSD,
+0.74%
rose 0.04% to $1,891.18.

In crypto-related company news, shares of Coinbase Global Inc.
COIN,
-0.91%
rose 1.28% to $106.90, while MicroStrategy Inc.
MSTR,
-0.91%
slipped 0.56% to $447.34. Riot Platforms Inc.
RIOT,
-1.08%
shares rose 0.78% to $18.63, and shares of Marathon Digital Holdings Inc.
MARA,
-2.61%
increased 1.13% to $17.46.

Overstock.com Inc.
OSTK,
-0.40%
rallied 2.07% to $33.03, while Block Inc.
SQ,
+1.24%
rose 0.31% to $78.30 and Tesla Inc.
TSLA,
+1.02%
slid 0.44% to $289.10.

PayPal Holdings Inc.
PYPL,
+1.20%
climbed 0.82% to $74.09, and Ebang International Holdings Inc.
EBON,
+4.90%
shares rose 0.90% to $10.08. NVIDIA Corp.
NVDA,
+2.22%
sank 0.67% to $461.50, and Advanced Micro Devices Inc.
AMD,
-0.33%
declined 1.96% to $116.00.

In the fund space, blockchain-focused Amplify Transformational Data Sharing ETF
BLOK,
-0.46%
inched down 0.15% to $26.09. The Bitwise Crypto Industry Innovators ETF
BITQ,
-1.83%,
which is focused on pure-play crypto companies, dropped 1.83% to $10.21. Grayscale Bitcoin Trust
GBTC,
-1.05%,
which tracks the Bitcoin market price, inched down 0.55% to $19.81.


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...

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