Large cryptocurrencies drop on Ripple, Solana declines

All large cryptocurrencies were down during morning trading on Monday, with Ripple
XRPUSD,
-5.76%
seeing the biggest move, tumbling 5.05% to 47 cents.

Solana
SOLUSD,
-3.93%
shed 4.25% to $17.56, and Polygon
MATICUSD,
-4.73%
declined 4.06% to 50 cents.

Polkadot
DOTUSD,
-4.70%
fell 4.06% to $4.01 on Monday, while Ethereum
ETHUSD,
-4.73%
declined 1.93% to $1,587.85 and Uniswap
UNIUSD,
-3.62%
dropped 2.17% to $4.14.

Dogecoin
DOGEUSD,
-2.12%
and Cardano
ADAUSD,
-3.45%
fell 1.90% to 6 cents and 1.68% to 24 cents

Bitcoin
BTCUSD,
-2.79%
rounded out the decreases with a 0.80% decline to $25,611.90.

In crypto-related company news, shares of Coinbase Global Inc.
COIN,
-1.79%
dropped 3.86% to $78.93, while MicroStrategy Inc.
MSTR,
-3.82%
fell 2.66% to $346.80. Riot Platforms Inc.
RIOT,
-7.40%
shares shed 3.29% to $10.59, and shares of Marathon Digital Holdings Inc.
MARA,
-7.70%
dropped 7.61% to $10.08.

Overstock.com Inc.
OSTK,
+0.19%
dropped 1.43% to $20.61, while Block Inc.
SQ,
+1.62%
climbed 1.75% to $54.01 and Tesla Inc.
TSLA,
+10.09%
rallied 6.52% to $264.70.

PayPal Holdings Inc.
PYPL,
+1.56%
climbed 0.57% to $61.33, and Ebang International Holdings Inc.
EBON,
-1.35%
shares inched down 0.78% to $7.34. NVIDIA Corp.
NVDA,
-0.86%
dropped 1.74% to $447.78, and Advanced Micro Devices Inc.
AMD,
-0.73%
fell 1.81% to $104.17.

In the fund space, blockchain-focused Amplify Transformational Data Sharing ETF
BLOK,
-0.94%
climbed 0.07% to $21.25. The Bitwise Crypto Industry Innovators ETF
BITQ,
-3.17%,
which is focused on pure-play crypto companies, declined 1.86% to $7.13. Grayscale Bitcoin Trust
GBTC,
-3.37%,
which tracks the Bitcoin market price, slipped 0.31% to $19.24.

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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