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Most big cryptocurrencies fall as Ripple declines

Most large cryptocurrencies were down during morning trading on Monday, with Ripple
XRPUSD,
-3.26%
seeing the biggest change, shedding 6.16% to 70 cents.

Seven additional currencies posted reductions Monday. Uniswap
UNIUSD,
-0.90%
fell 6.13% to $5.80, and Solana
SOLUSD,
-1.41%
declined 6.00% to $23.49.

Polkadot
DOTUSD,
-0.92%
shed 6.00% to $5.18, while Polygon
MATICUSD,
-0.63%
shed 4.96% to 72 cents. Bitcoin
BTCUSD,
+0.10%
fell 3.22% to $29,166.30.

Cardano
ADAUSD,
-0.53%
and Ethereum
ETHUSD,
-0.06%
rounded out the decreases for Monday, dropping 3.19% to 31 cents and 2.19% to $1,850.64, respectively.

On the other hand, Dogecoin
DOGEUSD,
+1.98%
posted the only increase among the largest cryptos, rising 4.84% to 8 cents.

In crypto-related company news, shares of Coinbase Global Inc.
COIN,
-1.95%
shed 4.33% to $96.45, while MicroStrategy Inc.
MSTR,
-1.31%
dropped 4.17% to $418.45. Riot Platforms Inc.
RIOT,
-5.17%
shares shed 6.04% to $17.27, and shares of Marathon Digital Holdings Inc.
MARA,
-2.73%
shed 5.85% to $15.89.

Overstock.com Inc.
OSTK,
-3.50%
sank 0.70% to $31.82, while Block Inc.
SQ,
+1.34%
dropped 1.64% to $74.87 and Tesla Inc.
TSLA,
+3.48%
shed 1.06% to $257.26.

PayPal Holdings Inc.
PYPL,
+0.96%
rose 0.34% to $73.24, and Ebang International Holdings Inc.
EBON,
-0.40%
shares dropped 2.41% to $9.73. NVIDIA Corp.
NVDA,
+0.68%
rose 0.15% to $443.74, and Advanced Micro Devices Inc.
AMD,
-0.31%
fell 1.59% to $109.19.

In the fund space, blockchain-focused Amplify Transformational Data Sharing ETF
BLOK,
-1.17%
fell 2.22% to $25.06. The Bitwise Crypto Industry Innovators ETF
BITQ,
-2.79%,
which is focused on pure-play crypto companies, fell 4.49% to $9.57. Grayscale Bitcoin Trust
GBTC,
-3.40%,
which tracks the Bitcoin market price, shed 2.14% to $19.45.


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 Fredrik Arnold is a retired quality service analyst sharing investment ideas with a primary focus on dividend yields...

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