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Polygon leads drops as large cryptocurrencies start mixed

Large cryptocurrencies were mixed during morning trading on Tuesday, with Solana
SOLUSD,
+2.72%
seeing the biggest move, rising 3.11% to $21.20.

Polygon
MATICUSD,
-1.75%
led the decreases with a 1.12% drop to 90 cents.

Four other cryptocurrencies saw increases Tuesday. Ripple
XRPUSD,
+6.19%
increased 2.30% to 50 cents, and Uniswap
UNIUSD,
+0.33%
rose 0.84% to $5.16.

Ethereum
ETHUSD,
+0.43%
and Bitcoin
BTCUSD,
+0.04%
rounded out the increases, inching up 0.68% to $1,906.36 and 0.46% to $27,815.70.

In addition to Polygon, three other currencies posted reductions. Dogecoin
DOGEUSD,
-1.07%
slipped 0.75% to 7 cents, and Polkadot
DOTUSD,
-0.67%
slipped 0.16% to $5.46.

Cardano
ADAUSD,
-0.40%,
which rounded out the decreases, slipped 0.05% to 38 cents.

In crypto-related company news, shares of Coinbase Global Inc.
COIN,
+4.81%
climbed 8.80% to $61.93, while MicroStrategy Inc.
MSTR,
+5.13%
rallied 7.15% to $305.48. Riot Platforms Inc.
RIOT,
+8.84%
shares surged 13.19% to $12.36, and shares of Marathon Digital Holdings Inc.
MARA,
+4.03%
jumped 10.02% to $9.83.

Overstock.com Inc.
OSTK,
+2.99%
climbed 1.16% to $18.29, while Block Inc.
SQ,
-1.12%
rose 0.54% to $59.32 and Tesla Inc.
TSLA,
+3.36%
climbed 3.33% to $199.60.

PayPal Holdings Inc.
PYPL,
+1.83%
climbed 0.56% to $60.56, and Ebang International Holdings Inc.
EBON,
+2.63%
shares climbed 5.75% to $6.44. NVIDIA Corp.
NVDA,
+4.13%
rose 5.09% to $409.27, and Advanced Micro Devices Inc.
AMD,
-0.40%
dropped 1.86% to $124.67.

In the fund space, the Bitwise Crypto Industry Innovators ETF
BITQ,
+5.61%,
which is focused on pure-play crypto companies, increased 6.66% to $7.05. Blockchain-focused Amplify Transformational Data Sharing ETF
BLOK,
+2.23%
climbed 3.02% to $20.29. Grayscale Bitcoin Trust
GBTC,
+2.53%,
which tracks the Bitcoin market price, rose 4.27% to $14.42.


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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