Cryptocurrency Market Update

All major cryptocurrencies experienced a decline during morning trading on Tuesday. The largest change was observed in Uniswap (UNIUSD), which dropped by 7.32% to $5.62. Other notable decreases include Ethereum (ETHUSD) declining by 5.67% to $2,193.71, and Polygon (MATICUSD) declining by 5.61% to 71 cents.

Dogecoin (DOGEUSD) fell by 5.61% to 8 cents, while Ripple (XRPUSD) fell by 4.96% to 50 cents and Cardano (ADAUSD) declined by 5.07% to 46 cents. Polkadot (DOTUSD) and Solana (SOLUSD) also witnessed a decrease of 4.42% to $6.13 and 3.92% to $81.28, respectively.

Bitcoin (BTCUSD) rounded out the declines with a 2.70% decrease to $38,750.80.

In other crypto-related company news, Coinbase Global Inc. (COIN) saw a decline of 4.42% to $122.54, MicroStrategy Inc. (MSTR) declined by 5.17% to $445.89, Riot Platforms Inc. (RIOT) shed 4.43% to $10.13, and Marathon Digital Holdings Inc. (MARA) fell by 4.12% to $15.93.

Meanwhile, Block Inc. (SQ) rose by 0.37% to $66.94 and Tesla Inc. (TSLA) climbed 1.63% to $212.21.

PayPal Holdings Inc. (PYPL) experienced an increase of 2.78% to $65.52, while Ebang International Holdings Inc. (EBON) saw a gain of 3.38% to $8.88. NVIDIA Corp. (NVDA) slightly declined by 0.16% to $595.62, and Advanced Micro Devices Inc. (AMD) climbed by 0.44% to $168.92.

In the fund space, the blockchain-focused Amplify Transformational Data Sharing ETF (BLOK) shed 1.15% to $26.31. The Bitwise Crypto Industry Innovators ETF (BITQ), which focuses on pure-play crypto companies, declined by 2.77% to $8.26.