All major cryptocurrencies experienced a decline during morning trading on Tuesday. The biggest mover was Polygon (MATICUSD), which tumbled 3.28% to 77 cents. Cardano (ADAUSD) dropped 3.09% to 58 cents, while Solana (SOLUSD) shed 2.48% to $73.11. Other notable declines include Polkadot (DOTUSD) at 2.48% to $6.72, Ethereum (ETHUSD) at 1.31% to $2,186.75, and Dogecoin (DOGEUSD) at 1.38% to 9 cents.
Meanwhile, Ripple (XRPUSD) fell 0.99% to 60 cents and Uniswap (UNIUSD) declined 0.93% to $5.86. Bitcoin (BTCUSD) rounded out the decreases with a 0.66% decline to $42,350.60.
In related company news, Coinbase Global Inc. (COIN) saw a 2.52% rise in shares to $157.30, while MicroStrategy Inc. (MSTR) increased by 2.21% to $584.53. Riot Platforms Inc. (RIOT) saw a significant climb of 5.01% to $17.22, and Marathon Digital Holdings Inc. (MARA) rose by 7.20% to $21.31.
Other companies in the sector also experienced notable movements: Block Inc. (SQ) rose 3.80% to $76.69, Tesla Inc. (TSLA) increased by 0.73% to $253.91, PayPal Holdings Inc. (PYPL) rose 1.55% to $62.42, and Ebang International Holdings Inc. (EBON) saw a rise of 6.22% to $7.86. However, NVIDIA Corp. (NVDA) saw a decline of 1.63% to $492.60, and Advanced Micro Devices Inc. (AMD) climbed 1.91% to $141.55.
In the fund space, the Bitwise Crypto Industry Innovators ETF (BITQ), which focuses on pure-play crypto companies, rose by 4.85% to $11.13. The blockchain-focused Amplify Transformational Data Sharing ETF (BLOK) also saw an increase of 2.20% to $29.33. Additionally, the Grayscale Bitcoin Trust (GBTC), which tracks the Bitcoin market price, rose by 1.04% to $34.90.