Mixed Performance for Large Cryptocurrencies

Mixed Performance for Large Cryptocurrencies

Large cryptocurrencies experienced mixed results during morning trading on Monday. The standout performer was Solana (SOL), which saw a decline of 1.21% to $20.47. Meanwhile, Polygon (MATIC) led the increases with a climb of 0.56% to 56 cents.

Decreases and Increases

Three other currencies posted decreases on Monday. Ripple (XRP) declined by 1.12% to 52 cents, while Dogecoin (DOGE) sank by 0.48% to 6 cents. Ethereum (ETH), which rounded out the decreases, saw a decline of 0.31% to $1,648.25.

In addition to Polygon, four other cryptocurrencies saw increases. Uniswap (UNI) climbed by 0.45% to $4.69, while Cardano (ADA) rose by 0.13% to 26 cents. Bitcoin (BTC) and Polkadot (DOT) rounded out the increases, inching up by 0.08% to $26,101.90 and 0.05% to $4.49, respectively.

Company News

In cryptocurrency-related company news, Coinbase Global Inc. (COIN) saw a slight decline of 0.28% to $74.05. On the other hand, MicroStrategy Inc. (MSTR) climbed by 2.96% to $345.99, Riot Platforms Inc. (RIOT) rose by 1.83% to $10.56, and Marathon Digital Holdings Inc. (MARA) increased by 1.52% to $10.71.

Overstock.com Inc. (OSTK) rose by 1.68% to $25.15, while Block Inc. (SQ) and Tesla Inc. (TSLA) both saw a small increase of 0.16% to $55.95 and $238.98, respectively.

PayPal Holdings Inc. (PYPL) experienced a rise of 0.4% to $61.43, while Ebang International Holdings Inc. (EBON) climbed by 2.03% to $7.75. NVIDIA Corp. (NVDA) dropped by 1.33% to $454.04, and Advanced Micro Devices Inc. (AMD) increased by 0.12% to $102.37.

ETF and Trust Performance

In the fund space, the Bitwise Crypto Industry Innovators ETF (BITQ), which focuses on pure-play crypto companies, climbed by 1.42% to $7.17. The Blockchain-focused Amplify Transformational Data Sharing ETF (BLOK) saw an increase of 0.48% to $21.08. The Grayscale Bitcoin Trust (GBTC), which tracks the Bitcoin market price, climbed by 1.67% to $17.64.