Cardano leads decreases as large cryptocurrencies start mixed

Large cryptocurrencies were mixed during morning trading on Wednesday, with Solana
SOLUSD,
+0.54%
seeing the biggest move, rising 3.25% to $60.12.

Cardano
ADAUSD,
+1.46%
led the decreases with a 0.99% drop to 38 cents.

Two other cryptocurrencies saw increases Wednesday. Dogecoin
DOGEUSD,
-0.30%
rose 0.50% to 8 cents, and Polygon
MATICUSD,
+2.72%
rose 0.12% to 75 cents.

In addition to Cardano, five other currencies posted reductions. Ethereum
ETHUSD,
+1.62%
slipped 0.86% to $2,036.76, and Uniswap
UNIUSD,
+1.67%
slid 0.79% to $6.12.

Ripple
XRPUSD,
0.01
inched down 0.52% to 61 cents, and Polkadot
DOTUSD,
-1.36%
slipped 5.24% to $5.24.

Bitcoin
BTCUSD,
+1.34%
recorded the smallest decline, sliding 0.31% to $37,850.20.

In crypto-related company news, shares of Coinbase Global Inc.
COIN,
+4.82%
climbed 0.48% to $128.89, while MicroStrategy Inc.
MSTR,
+4.96%
sank 0.43% to $503.68. Riot Platforms Inc.
RIOT,
+8.41%
shares climbed 0.58% to $12.93, and shares of Marathon Digital Holdings Inc.
MARA,
+9.21%
sank 0.08% to $12.37.

Block Inc.
SQ,
+1.12%
rose 2.21% to $64.74 and Tesla Inc.
TSLA,
-1.49%
rose 2.24% to $252.24.

PayPal Holdings Inc.
PYPL,
+0.94%
rose 1.80% to $59.52, and Ebang International Holdings Inc.
EBON,
+0.61%
shares rose 0.30% to $6.71. NVIDIA Corp.
NVDA,
-0.30%
increased 1.69% to $486.32, and Advanced Micro Devices Inc.
AMD,
-0.78%
climbed 2.78% to $125.40.

In the fund space, the Bitwise Crypto Industry Innovators ETF
BITQ,
+5.47%,
which is focused on pure-play crypto companies, rose 1.25% to $8.51. Blockchain-focused Amplify Transformational Data Sharing ETF
BLOK,
+3.28%
rose 0.96% to $24.28. Grayscale Bitcoin Trust
GBTC,
+3.19%,
which tracks the Bitcoin market price, declined 1.05% to $31.18.

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.

Read the full article here