Polygon leads decreases as large cryptocurrencies start mixed

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Large cryptocurrencies were mixed during morning trading on Wednesday, with Cardano
ADAUSD,
+0.44%
seeing the biggest move, surging 10.35% to 62 cents.

Polygon
MATICUSD,
-1.45%
led the decreases with a 0.51% drop to 85 cents.

Five other cryptocurrencies saw increases Wednesday. Bitcoin
BTCUSD,
-0.59%
climbed 0.84% to $41,418.40, and Ethereum
ETHUSD,
-0.54%
climbed 0.81% to $2,187.94.

Dogecoin
DOGEUSD,
-1.07%
climbed 0.34% to 9 cents, and Uniswap
UNIUSD,
+0.27%
rose 0.16% to $6.13.

Polkadot
DOTUSD,
-0.10%,
which saw the smallest increase, climbed 0.02% to $6.92.

In addition to Polygon, two other currencies posted reductions. Ripple
XRPUSD,
-0.73%
sank 0.46% to 61 cents, and Solana
SOLUSD,
-2.81%
slid 0.45% to $66.82.

In crypto-related company news, shares of Coinbase Global Inc.
COIN,
+7.76%
declined 1.53% to $137.49, while MicroStrategy Inc.
MSTR,
+4.96%
slipped 0.63% to $554.80. Riot Platforms Inc.
RIOT,
+8.35%
shares dropped 1.74% to $13.82, and shares of Marathon Digital Holdings Inc.
MARA,
+12.56%
dropped 1.48% to $14.67.

Block Inc.
SQ,
+0.70%
shed 3.48% to $67.15 and Tesla Inc.
TSLA,
+0.96%
shed 1.76% to $232.83.

PayPal Holdings Inc.
PYPL,
+4.82%
slid 0.31% to $58.71, and Ebang International Holdings Inc.
EBON,
-0.15%
shares dropped 1.59% to $7.12. NVIDIA Corp.
NVDA,
+0.90%
climbed 1.40% to $483.26, and Advanced Micro Devices Inc.
AMD,
+0.42%
slipped 0.29% to $137.21.

In the fund space, blockchain-focused Amplify Transformational Data Sharing ETF
BLOK,
+5.11%
slipped 0.60% to $26.43. The Bitwise Crypto Industry Innovators ETF
BITQ,
+7.38%,
which is focused on pure-play crypto companies, shed 1.55% to $9.21. Grayscale Bitcoin Trust
GBTC,
+6.49%,
which tracks the Bitcoin market price, climbed 0.75% to $33.67.


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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