Cryptocurrency Market Update

Most Large Cryptocurrencies Experience a Dip in Morning Trading

During morning trading on Tuesday, the majority of large cryptocurrencies recorded a decrease in their values. Uniswap (UNIUSD) saw the biggest change, shedding 2.20% and settling at $4.58.

Other Declining Currencies

• Cardano (ADAUSD) declined by 1.67% to 26 cents.
• Dogecoin (DOGEUSD) sank 0.82% to 6 cents.
• Ripple (XRPUSD) experienced a 0.82% decrease, reaching 52 cents.
• Solana (SOLUSD) dropped 0.54% and settled at $20.31.
• Polygon (MATICUSD) experienced a decline of 0.38%, settling at 56 cents.
• Polkadot (DOTUSD) dropped by 0.17% to $4.57.
• Ethereum (ETHUSD) slightly declined by 0.09% and settled at $1,644.35.

On the other hand, Bitcoin (BTCUSD) was the only cryptocurrency among the largest ones to increase in value, rising by 0.21% to $26,041.00.

Company News

In the company news related to cryptocurrencies:

• Shares of Coinbase Global Inc. (COIN) rose by 3.01% to $75.93.
• MicroStrategy Inc. (MSTR) climbed 1.35% and reached $349.03.
• Riot Platforms Inc. (RIOT) shares climbed 2.62% and settled at $10.77.
• Marathon Digital Holdings Inc. (MARA) saw a rise of 3.53%, reaching $11.00.

Overstock.com Inc. (OSTK) rallied by 2.95% to $26.15. Block Inc. (SQ) also experienced a climb of 1.34% and reached $56.62, while Tesla Inc. (TSLA) observed an increase of 1.86% and settled at $243.27.

PayPal Holdings Inc. (PYPL) climbed 0.63% to $62.06, while Ebang International Holdings Inc. (EBON) saw a decline of 0.41% and settled at $7.20. NVIDIA Corp. (NVDA) rallied by 1.54%, reaching $475.56, and Advanced Micro Devices Inc. (AMD) rose by 1.53% to $104.18.

ETF Performance

Turning to the fund space:

• The Bitwise Crypto Industry Innovators ETF (BITQ), which focuses on pure-play crypto companies, increased by 1.85% to $7.25.
• The blockchain-focused Amplify Transformational Data Sharing ETF (BLOK) rose 0.57% and reached $21.18.
• The Grayscale Bitcoin Trust (GBTC), which tracks the Bitcoin market price, experienced a 0.60% increase, settling at $17.69.