Most large cryptocurrencies rise on Dogecoin, Polkadot increases
MARA+4.45% OSTK-2.30% SQ+0.37% TSLA+5.09% PYPL-0.29% EBON+0.66% NVDA+5.95% AMD+4.59% BLOK+2.82% BITQ+3.18% GBTC+6.43%
Most of the largest cryptocurrencies were up during morning trading on Monday, with Dogecoin DOGEUSD seeing the biggest move, rallying 5.45% to 22 cents.
Six additional currencies posted increases Monday. Polkadot DOTUSD increased 2.38% to $35.93, and Ripple XRPUSD rallied 1.71% to 97 cents.
Ethereum ETHUSD rose 1.55% to $4,322.99, while Litecoin LTCUSD rallied 1.43% to $200.37. Bitcoin BTCUSD increased 1.22% to $57,080.16.
Bitcoin Cash BCHUSD, which posted the smallest increase, rose 1.22% to $569.38.
On the other hand, two cryptos posted decreases, with Cardano ADAUSD seeing the largest drop at 0.78% to $1.57. Uniswap UNIUSD slid 0.55% to $19.83.
In crypto-related company news, shares of Coinbase Global Inc. COIN climbed 4.17% to $315.82, while MicroStrategy Inc. MSTR rallied 3.54% to $686.45. Riot Blockchain Inc. RIOT shares climbed 0.33% to $35.04, and shares of Marathon Digital Holdings Inc. MARA rose 2.17% to $50.27.
Overstock.com Inc. OSTK dropped 1.38% to $90.91, while Square Inc. Cl A SQ rose 0.89% to $213.96 and Tesla Inc. TSLA rose 5.03% to $1,136.34.
PayPal Holdings Inc. PYPL shed 1.68% to $184.64, and Ebang International Holdings Inc. Cl A EBON shares rose 0.33% to $1.53. NVIDIA Corp. NVDA increased 3.09% to $324.78, and Advanced Micro Devices Inc. AMD increased 1.68% to $159.29.
In the fund space, blockchain-focused Amplify Transformational Data Sharing ETF BLOK rose 1.83% to $55.59. The Bitwise Crypto Industry Innovators ETF BITQ, which is focused on pure-play crypto companies, rallied 1.68% to $29.07. Grayscale Bitcoin Trust GBTC, which tracks the Bitcoin market price, rose 4.20% to $46.19.