Most large cryptocurrencies were down during morning trading on Tuesday, with Ripple
XRPUSD,
+0.16%
seeing the biggest move, shedding 2.88% to 48 cents.
Seven additional currencies posted reductions Tuesday. Uniswap
UNIUSD,
-0.83%
fell 2.39% to $4.37, and Polygon
MATICUSD,
+2.68%
shed 2.24% to 60 cents.
Polkadot
DOTUSD,
+1.41%
shed 2.24% to $4.42, while Cardano
ADAUSD,
+3.55%
shed 1.74% to 26 cents. Dogecoin
DOGEUSD,
+1.77%
fell 1.62% to 6 cents.
Ethereum
ETHUSD,
+2.21%
and Solana
SOLUSD,
+1.58%
rounded out the decreases for Tuesday, dropping 0.44% to $1,722.46 and 0.13% to $15.88, respectively.
On the other hand, Bitcoin
BTCUSD,
+3.58%
posted the only increase among the largest cryptos, rising 0.30% to $26,801.40.
In crypto-related company news, shares of Coinbase Global Inc.
COIN,
+1.73%
slid 0.14% to $55.51, while MicroStrategy Inc.
MSTR,
+3.70%
rallied 1.04% to $296.44. Riot Platforms Inc.
RIOT,
+3.11%
shares rose 0.48% to $10.45, and shares of Marathon Digital Holdings Inc.
MARA,
+5.50%
rallied 3.10% to $10.29.
Overstock.com Inc.
OSTK,
-0.02%
declined 2.10% to $21.47, while Block Inc.
SQ,
-1.63%
sank 0.18% to $66.39 and Tesla Inc.
TSLA,
-1.91%
climbed 1.74% to $265.08.
PayPal Holdings Inc.
PYPL,
-1.18%
climbed 1.42% to $67.37, and Ebang International Holdings Inc.
EBON,
+2.87%
shares declined 3.66% to $6.85. NVIDIA Corp.
NVDA,
-2.61%
climbed 0.57% to $429.35, and Advanced Micro Devices Inc.
AMD,
-3.14%
dropped 1.16% to $118.69.
In the fund space, the Bitwise Crypto Industry Innovators ETF
BITQ,
+2.30%,
which is focused on pure-play crypto companies, climbed 3.06% to $7.08. Blockchain-focused Amplify Transformational Data Sharing ETF
BLOK,
+1.18%
rose 0.88% to $20.62. Grayscale Bitcoin Trust
GBTC,
+7.42%,
which tracks the Bitcoin market price, increased 6.42% to $16.09.
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.
Read the full article here