Most major cryptocurrencies experienced a decline during morning trading on Monday. One of the most significant changes was seen in Polygon (MATICUSD), which dropped 1.62% to 78 cents.
Several other currencies also posted reductions on Monday. Ethereum (ETHUSD) sank 0.93% to $2,242.18, while Ripple (XRPUSD) inched down 0.91% to 52 cents.
Uniswap (UNIUSD) experienced a slight decrease of 0.91% to $5.89, while Cardano (ADAUSD) saw a decline of 0.63% to 49 cents. Polkadot (DOTUSD) also slid by 0.40% to $6.73.
Bitcoin (BTCUSD), on the other hand, posted the smallest decrease, slipping only 0.14% to $41,936.70.
However, two cryptocurrencies bucked the trend and recorded increases. Dogecoin (DOGEUSD) saw the largest rise, climbing 2.95% to 8 cents. Solana (SOLUSD) rose by a modest 0.01% to $95.97.
In other news related to crypto companies, Coinbase Global Inc. (COIN) shares increased by 3.99% to $130.19, while MicroStrategy Inc. (MSTR) saw a rise of 1.28% to $500.84. Riot Platforms Inc. (RIOT) also experienced a 1.32% increase to $11.50, and Marathon Digital Holdings Inc. (MARA) rose by 2.75% to $18.34.
Shares of Block Inc. (SQ) climbed by 2.97% to $66.90, and Tesla Inc. (TSLA) saw a modest increase of 0.37% to $183.92.
PayPal Holdings Inc. (PYPL) rose by 0.21% to $61.91, while Ebang International Holdings Inc. (EBON) experienced a 1.78% increase to $9.71. NVIDIA Corp. (NVDA) also recorded a 1.01% increase to $616.50, while Advanced Micro Devices Inc. (AMD) slipped by 0.65% to $176.09.
In the fund space, the Bitwise Crypto Industry Innovators ETF (BITQ), which focuses on pure-play crypto companies, climbed 2.01% to $9.15. The Blockchain-focused Amplify Transformational Data Sharing ETF (BLOK) also saw a rise of 0.86% to $27.58.
