Large cryptocurrencies drop on Solana, Ripple declines

Published: June 5, 2023 at 10:00 a.m. ET

All large cryptocurrencies were down during morning trading on Monday, with Solana Solana USD seeing the biggest move, tumbling 3.25% to $21.45.

Ripple XRP USD shed 2.58% to 53 cents, and Cardano Cardano USD declined 2.44% to 37 cents.

Dogecoin Dogecoin USD shed 2.44% to 7 cents on Monday, while Ethereum Ethereum USD declined 1.96% to $1,867.19…

All large cryptocurrencies were down during morning trading on Monday, with Solana

SOLUSD

seeing the biggest move, tumbling 3.25% to $21.45.

Ripple

XRPUSD

shed 2.58% to 53 cents, and Cardano

ADAUSD

declined 2.44% to 37 cents.

Dogecoin

DOGEUSD

shed 2.44% to 7 cents on Monday, while Ethereum

ETHUSD

declined 1.96% to $1,867.19 and Polygon

MATICUSD

fell 1.99% to 89 cents.

Bitcoin

BTCUSD

and Uniswap

UNIUSD

fell 1.92% to $26,723.80 and 1.70% to $4.97

Polkadot

DOTUSD

posted the smallest drop with a 1.33% decline to $5.28.

In crypto-related company news, shares of Coinbase Global Inc.

COIN

declined 3.56% to $62.26, while MicroStrategy Inc.

MSTR

shed 3.21% to $292.43. Riot Platforms Inc.

RIOT

shares fell 3.59% to $11.29, and shares of Marathon Digital Holdings Inc.

MARA

declined 2.09% to $9.82.

Overstock.com Inc.

OSTK

rose 0.20% to $19.72, while Block Inc.

SQ

slid 0.88% to $62.90 and Tesla Inc.

TSLA

increased 2.24% to $218.77.

PayPal Holdings Inc.

PYPL

rose 0.39% to $64.21, and Ebang International Holdings Inc.

EBON

shares climbed 0.16% to $6.37. NVIDIA Corp.

NVDA

dropped 1.22% to $388.46, and Advanced Micro Devices Inc.

AMD

slid 0.82% to $116.89.

In the fund space, blockchain-focused Amplify Transformational Data Sharing ETF

BLOK

declined 1.47% to $20.25. The Bitwise Crypto Industry Innovators ETF

BITQ

,
which is focused on pure-play crypto companies, fell 1.82% to $7.02. Grayscale Bitcoin Trust

GBTC

,
which tracks the Bitcoin market price, dropped 2.64% to $14.00.

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.

Credit: Source link