Investing.com - Financial Markets Worldwide
Get 40% Off
Get 40% Off
These stocks are up over 10% post earnings. Did you spot the buying opportunity? Our AI did.Read how

Cryptocurrencies and related stocks on the rise, Solana leads the pack

EditorVenkatesh Jartarkar
Published 10/30/2023, 11:53 AM
© Reuters.

Today, major cryptocurrencies recorded gains in trading, with Solana (SOLUSD) leading the way with a significant rise of 5.76%. Ethereum (ETHUSD) also saw an increase, albeit a modest one of 1.25%, while Bitcoin recorded a slight increase of 0.27%. Other notable cryptocurrencies such as Ripple (XRPUSD), Polygon (MATICUSD), Cardano (ADAUSD), Uniswap (UNIUSD), Polkadot (DOTUSD), and Dogecoin also experienced value appreciation.

In addition to the cryptocurrency gains, shares of crypto-related companies also observed upward movement. Coinbase (NASDAQ:COIN) Global Inc. saw its shares increase by 3.14%. Other companies such as MicroStrategy Inc., Riot Platforms (NASDAQ:RIOT) Inc., Marathon Digital (NASDAQ:MARA) Holdings Inc., and Overstock.com (NASDAQ:OSTK) Inc. also experienced an uptick in their share values.

However, not all companies associated with the crypto space saw gains today. Tesla (NASDAQ:TSLA) Inc.'s shares slipped by 0.57%, while Block Inc., Ebang International Holdings Inc., and Advanced Micro Devices (NASDAQ:AMD) Inc. all experienced declines. On a brighter note, PayPal Holdings Inc (NASDAQ:PYPL). recorded a rise of 0.94%, and NVIDIA Corp (NASDAQ:NVDA) documented slight increases.

Within the fund space, Bitwise Crypto Industry Innovators ETF climbed by 3.24%, Amplify Transformational Data Sharing ETF rose by 2.48%, and Grayscale Bitcoin Trust marked an increase of 5.58%.

Today's market activity underscores the dynamic nature of the cryptocurrency market and its associated stocks, with some experiencing gains while others face declines.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Latest comments

Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.