Solana leads slumps as large cryptocurrencies start mixed

Posted by By News Room 2 Min Read

Large cryptocurrencies were mixed during morning trading on Monday, with Bitcoin
BTCUSD,
+0.48%
seeing the biggest move, rising 4.79% to $41,646.10.

Solana
SOLUSD,
-1.34%
led the decreases with a 3.13% drop to $61.04.

Five other cryptocurrencies saw increases Monday. Dogecoin
DOGEUSD,
-0.18%
climbed 2.79% to 9 cents, and Cardano
ADAUSD,
+0.38%
rose 2.37% to 40 cents.

Ethereum
ETHUSD,
-0.02%
climbed 1.91% to $2,225.49, and Uniswap
UNIUSD,
+1.75%
rose 0.08% to $6.02.

Polkadot
DOTUSD,
+1.92%,
which saw the smallest increase, rose 0.07% to $5.53.

In addition to Solana, two other currencies posted reductions. Polygon
MATICUSD,
+0.76%
dropped 2.78% to 79 cents, and Ripple
XRPUSD,
-0.46%
slipped 0.93% to 62 cents.

In crypto-related company news, shares of Coinbase Global Inc.
COIN,
-3.73%
increased 8.10% to $144.59, while MicroStrategy Inc.
MSTR,
-2.05%
climbed 8.01% to $569.97. Riot Platforms Inc.
RIOT,
-0.76%
shares jumped 12.56% to $15.50, and shares of Marathon Digital Holdings Inc.
MARA,
+2.64%
jumped 11.39% to $15.26.

Block Inc.
SQ,
-0.74%
slid 0.17% to $64.93 and Tesla Inc.
TSLA,
+0.98%
slipped 0.05% to $238.71.

PayPal Holdings Inc.
PYPL,
-0.99%
rose 0.10% to $59.71, and Ebang International Holdings Inc.
EBON,
-0.48%
shares climbed 7.81% to $7.21. NVIDIA Corp.
NVDA,
+1.12%
dropped 2.44% to $456.25, and Advanced Micro Devices Inc.
AMD,
+0.83%
shed 2.64% to $118.18.

In the fund space, the Bitwise Crypto Industry Innovators ETF
BITQ,
-0.29%,
which is focused on pure-play crypto companies, rose 5.75% to $9.48. Blockchain-focused Amplify Transformational Data Sharing ETF
BLOK,
-0.35%
increased 3.61% to $26.42. Grayscale Bitcoin Trust
GBTC,
-2.29%,
which tracks the Bitcoin market price, climbed 5.52% to $33.48.


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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