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Cryptocurrencies Show Mixed Results in Morning Trading


Large cryptocurrencies experienced a range of outcomes during morning trading on Tuesday. The standout performer was Dogecoin (DOGEUSD), which saw a significant rally of 2.03% to reach 8 cents.

Unfortunately, Polkadot (DOTUSD) led the decreases, dropping by 1.44% to $5.14.

However, it wasn’t all negative news. Four other cryptocurrencies managed to see increases on Tuesday. Ethereum (ETHUSD) rose by 0.73% to $1,864.28, while Bitcoin (BTCUSD) climbed by 0.45% to reach $29,275.10.

Cardano (ADAUSD) and Uniswap (UNIUSD) also experienced slight gains, inching up by 0.44% to 31 cents and 0.02% to $5.75, respectively.

In addition to Polkadot, three other currencies faced reductions. Polygon (MATICUSD) slipped by 0.94% to 72 cents, and Solana (SOLUSD) inched down by 0.21% to $23.33.

Ripple (XRPUSD) rounded out the decreases, sliding by 0.04% to 70 cents.

Turning to crypto-related companies, Coinbase Global Inc. (COIN) witnessed a rise of 2.45% to $101.27, and MicroStrategy Inc. (MSTR) climbed by 0.24% to $431.98. Riot Platforms Inc. (RIOT) shares rallied by an impressive 4.02% to $18.13, while Marathon Digital Holdings Inc. (MARA) saw a climb of 3.23% to $16.95. Inc. (OSTK) experienced a rally of 1.68% to $31.44, while Block Inc. (SQ) slipped by 0.25% to $76.95. Tesla Inc. (TSLA) climbed by 0.45% to settle at $270.28.

PayPal Holdings Inc. (PYPL) managed a modest increase of 0.05% to $73.73, whereas Ebang International Holdings Inc. (EBON) saw its shares decline by 2.67% to $9.67. NVIDIA Corp. (NVDA) experienced a more substantial increase of 2.96% to reach $459.34, and Advanced Micro Devices Inc. (AMD) rallied by 1.29% to $112.04.

Within the fund space, the Bitwise Crypto Industry Innovators ETF (BITQ), which focuses on pure-play crypto companies, increased by 2.98% to reach $10.03. The Blockchain-focused Amplify Transformational Data Sharing ETF (BLOK) also saw a rally of 1.52% to $25.72. The Grayscale Bitcoin Trust (GBTC), which tracks the Bitcoin market price, rose by 0.78% to settle at $19.35.

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