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Cryptocurrencies and related stocks see mixed results with Ripple leading gains

EditorVenkatesh Jartarkar
Published 11/06/2023, 01:04 PM
Updated 11/06/2023, 01:04 PM
© Reuters.

Major cryptocurrencies experienced a mixed day of trading on Monday, with Ripple (XRPUSD) leading the pack with a 9.07% increase. Other notable digital currencies such as Uniswap (UNIUSD), Dogecoin (DOGEUSD), Polygon (MATICUSD), Polkadot (DOTUSD), Cardano (ADAUSD), Ethereum (ETHUSD), and Bitcoin (BTCUSD) also saw gains. On the other hand, Solana (SOLUSD) dipped by 1.04%.

Crypto-related stocks had a similar day of varied performances. Shares of Coinbase (NASDAQ:COIN) Global Inc., MicroStrategy Inc., Marathon Digital (NASDAQ:MARA) Holdings Inc., Tesla (NASDAQ:TSLA) Inc., and NVIDIA Corp (NASDAQ:NVDA). all experienced increases, with Coinbase Global 's shares gaining 1.03%. Conversely, Riot Platforms (NASDAQ:RIOT) Inc., PayPal Holdings Inc (NASDAQ:PYPL)., Advanced Micro Devices (NASDAQ:AMD) Inc., Block Inc., and Ebang International Holdings Inc. saw their shares decline.

In the ETF sector, there were also mixed results. The Bitwise Crypto Industry Innovators ETF and the Grayscale Bitcoin Trust both reported growth, while the Amplify Transformational Data Sharing ETF saw a slight decrease.

The performance of these cryptocurrencies and related stocks reflects the continued volatility and diversity of the crypto market.

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

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