Polygon leads way as most big cryptocurrencies post drops

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Most large cryptocurrencies were down during morning trading on Monday, with Polygon
MATICUSD,
+1.29%
seeing the biggest change, dropping 1.62% to 78 cents.

Six additional currencies posted reductions Monday. Ethereum
ETHUSD,
+1.71%
sank 0.93% to $2,242.18, and Ripple
XRPUSD,
+1.39%
inched down 0.91% to 52 cents.

Uniswap
UNIUSD,
+2.14%
inched down 0.91% to $5.89, while Cardano
ADAUSD,
+3.04%
sank 0.63% to 49 cents. Polkadot
DOTUSD,
+3.16%
slid 0.40% to $6.73.

Bitcoin
BTCUSD,
+2.36%,
which posted the smallest decrease, slipped 0.14% to $41,936.70

On the other hand, two cryptos posted increases, with Dogecoin
DOGEUSD,
+3.36%
seeing the largest rise at 2.95% to 8 cents. Solana
SOLUSD,
+4.84%
rose 0.01% to $95.97.

In crypto-related company news, shares of Coinbase Global Inc.
COIN,
+5.68%
increased 3.99% to $130.19, while MicroStrategy Inc.
MSTR,
+2.71%
increased 1.28% to $500.84. Riot Platforms Inc.
RIOT,
+1.26%
shares increased 1.32% to $11.50, and shares of Marathon Digital Holdings Inc.
MARA,
+5.35%
rose 2.75% to $18.34.

Block Inc.
SQ,
+4.13%
climbed 2.97% to $66.90 and Tesla Inc.
TSLA,
+2.77%
climbed 0.37% to $183.92.

PayPal Holdings Inc.
PYPL,
+1.98%
climbed 0.21% to $61.91, and Ebang International Holdings Inc.
EBON,
+1.78%
shares rose 1.78% to $9.71. NVIDIA Corp.
NVDA,
+0.95%
increased 1.01% to $616.50, and Advanced Micro Devices Inc.
AMD,
-0.28%
slipped 0.65% to $176.09.

In the fund space, the Bitwise Crypto Industry Innovators ETF
BITQ,
+3.91%,
which is focused on pure-play crypto companies, climbed 2.01% to $9.15. Blockchain-focused Amplify Transformational Data Sharing ETF
BLOK,
+1.32%
rose 0.86% to $27.58.


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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