Polygon leads increases as large cryptocurrencies start mixed

Large cryptocurrencies were mixed during morning trading on Wednesday, with Polygon
MATICUSD,
+6.47%
seeing the biggest move, rising 4.80% to 78 cents.

Solana
SOLUSD,
-2.12%
led the decreases with a 2.40% drop to $42.77.

Four other cryptocurrencies saw increases Wednesday. Uniswap
UNIUSD,
+5.62%
increased 3.47% to $5.15, and Polkadot
DOTUSD,
+0.29%
rose 0.36% to $4.99.

Dogecoin
DOGEUSD,
+0.56%
and Cardano
ADAUSD,
+1.32%
rounded out the increases, ticking up 0.31% to 7 cents and 0.21% to 0 cents.

In addition to Solana, three other currencies posted reductions. Ripple
XRPUSD,
+0.20%
sank 0.69% to 68 cents, and Bitcoin
BTCUSD,
-0.52%
sank 0.54% to $35,325.80.

Ethereum
ETHUSD,
+0.23%,
which rounded out the decreases, slid 0.35% to $1,886.75.

In crypto-related company news, shares of Coinbase Global Inc.
COIN,
-2.94%
dropped 2.78% to $86.59, while MicroStrategy Inc.
MSTR,
-1.31%
dropped 1.76% to $465.21. Riot Platforms Inc.
RIOT,
-5.80%
shares declined 5.06% to $10.51, and shares of Marathon Digital Holdings Inc.
MARA,
-5.09%
fell 4.25% to $8.79.

Block Inc.
SQ,
+0.71%
sank 0.08% to $51.01 and Tesla Inc.
TSLA,
-0.54%
slid 0.95% to $220.08.

PayPal Holdings Inc.
PYPL,
-1.46%
slipped 0.55% to $54.33, and Ebang International Holdings Inc.
EBON,
+4.13%
shares increased 4.13% to $7.57. NVIDIA Corp.
NVDA,
+1.14%
increased 1.03% to $464.26, and Advanced Micro Devices Inc.
AMD,
+0.33%
climbed 0.74% to $114.29.

In the fund space, blockchain-focused Amplify Transformational Data Sharing ETF
BLOK,
-1.49%
slid 0.78% to $22.00. The Bitwise Crypto Industry Innovators ETF
BITQ,
-2.89%,
which is focused on pure-play crypto companies, shed 1.35% to $7.33. Grayscale Bitcoin Trust
GBTC,
-2.60%,
which tracks the Bitcoin market price, declined 2.03% to $27.53.

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