Ripple leads way as most big cryptocurrencies post declines

Most large cryptocurrencies were down during morning trading on Tuesday, with Ripple
XRPUSD,
-7.07%
seeing the biggest move, declining 5.72% to 68 cents.

Seven additional currencies posted decreases Tuesday. Cardano
ADAUSD,
-7.20%
shed 5.52% to 35 cents, and Uniswap
UNIUSD,
-4.02%
dropped 3.27% to $4.91.

Dogecoin
DOGEUSD,
-2.53%
dropped 3.27% to 7 cents, while Polkadot
DOTUSD,
-2.36%
slid 0.98% to $4.87. Polygon
MATICUSD,
-1.94%
slipped 0.92% to 71 cents.

Ethereum
ETHUSD,
-1.28%
and Bitcoin
BTCUSD,
-0.87%
rounded out the decreases for Tuesday, dropping 0.74% to $1,877.68 and 0.50% to $34,845.10, respectively.

On the other hand, Solana
SOLUSD,
+2.90%
posted the only increase among the largest cryptos, rising 3.89% to $41.96.

In crypto-related company news, shares of Coinbase Global Inc.
COIN,
+0.01%
rose 0.11% to $86.47, while MicroStrategy Inc.
MSTR,
-0.13%
inched down 0.35% to $458.00. Riot Platforms Inc.
RIOT,
-2.50%
shares shed 2.59% to $10.73, and shares of Marathon Digital Holdings Inc.
MARA,
-3.12%
fell 2.81% to $8.98.

Block Inc.
SQ,
+2.71%
rose 2.71% to $50.86 and Tesla Inc.
TSLA,
-0.28%
inched down 0.85% to $217.41.

PayPal Holdings Inc.
PYPL,
+0.57%
climbed 0.03% to $54.63, and Ebang International Holdings Inc.
EBON,
-4.52%
shares held steady at $8.04. NVIDIA Corp.
NVDA,
+0.71%
sank 0.35% to $455.90, and Advanced Micro Devices Inc.
AMD,
+1.82%
climbed 0.71% to $112.55.

In the fund space, blockchain-focused Amplify Transformational Data Sharing ETF
BLOK,
-0.41%
inched down 0.62% to $21.77. The Bitwise Crypto Industry Innovators ETF
BITQ,
-1.62%,
which is focused on pure-play crypto companies, declined 2.15% to $7.27. Grayscale Bitcoin Trust
GBTC,
-0.93%,
which tracks the Bitcoin market price, sank 0.77% to $26.74.

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