Cardano leads way as most big cryptocurrencies post declines

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Most large cryptocurrencies were down during morning trading on Tuesday, with Cardano
ADAUSD,
-4.93%
seeing the biggest change, declining 5.36% to 51 cents.

Seven additional currencies posted reductions Tuesday. Polygon
MATICUSD,
-4.40%
shed 5.35% to 79 cents, and Uniswap
UNIUSD,
-5.37%
declined 5.27% to $5.84.

Dogecoin
DOGEUSD,
-1.71%
declined 5.27% to 8 cents, while Polkadot
DOTUSD,
-4.23%
dropped 4.19% to $7.11. Ethereum
ETHUSD,
-2.69%
declined 3.90% to $2,248.01.

Ripple
XRPUSD,
-1.02%
and Bitcoin
BTCUSD,
-0.80%
rounded out the decreases for Tuesday, dropping 3.50% to 56 cents and 1.11% to $46,591.70, respectively.

On the other hand, Solana
SOLUSD,
+3.69%
posted the only increase among the largest cryptos, rising 2.61% to $99.33.

In crypto-related company news, shares of Coinbase Global Inc.
COIN,
-3.18%
shed 2.75% to $155.03, while MicroStrategy Inc.
MSTR,
-2.81%
dropped 2.19% to $584.89. Riot Platforms Inc.
RIOT,
-1.53%
shares slipped 0.74% to $15.89, and shares of Marathon Digital Holdings Inc.
MARA,
-1.67%
inched down 0.92% to $25.74.

Block Inc.
SQ,
+1.05%
climbed 0.46% to $69.63 and Tesla Inc.
TSLA,
-2.46%
declined 1.91% to $235.85.

PayPal Holdings Inc.
PYPL,
-0.39%
shed 1.25% to $60.97, and Ebang International Holdings Inc.
EBON,
-5.65%
shares dropped 4.81% to $11.87. NVIDIA Corp.
NVDA,
+3.32%
rose 0.04% to $522.75, and Advanced Micro Devices Inc.
AMD,
+2.18%
rose 0.55% to $146.99.

In the fund space, blockchain-focused Amplify Transformational Data Sharing ETF
BLOK,
-0.98%
slid 0.78% to $29.25. The Bitwise Crypto Industry Innovators ETF
BITQ,
-1.59%,
which is focused on pure-play crypto companies, inched down 0.79% to $11.25. Grayscale Bitcoin Trust
GBTC,
+1.56%,
which tracks the Bitcoin market price, climbed 0.15% to $39.06.


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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