Most major cryptocurrencies experienced gains during morning trading on Tuesday. The leading performer was Polygon (MATICUSD), which saw a significant increase of 1.54%, reaching 53 cents. Dogecoin (DOGEUSD) also climbed by 1.17% to 6 cents, while Cardano (ADAUSD) rose by 0.96% to 25 cents.

Other notable increases included Solana (SOLUSD), which rose by 0.81% to $19.86, and Uniswap (UNIUSD), which saw a 0.78% increase to $4.42. Bitcoin (BTCUSD) also experienced a modest growth of 0.70%, reaching $26,980.00.

Meanwhile, Ripple (XRPUSD) and Ethereum (ETHUSD) both posted gains, with increases of 0.70% and 0.05% respectively. Ripple reached 51 cents, while Ethereum rose to $1,638.81.

On the flip side, Polkadot (DOTUSD) was the only cryptocurrency to experience a decline, falling by 0.32% to $4.10.

Company News

In terms of cryptocurrency-related companies, Coinbase Global Inc. (COIN) witnessed a decline of 3.62%, reaching $78.66, while MicroStrategy Inc. (MSTR) saw a decrease of 1.50%, reaching $335.52. Riot Platforms Inc. (RIOT) shares fell by 3.03% to $10.60, and Marathon Digital Holdings Inc. (MARA) experienced a decline of 3.93% to $9.41.

Other notable declines in the industry included Overstock.com Inc. (OSTK), which dropped by 2.40% to $18.28, and Block Inc. (SQ), which saw a decrease of 2.81% to $49.81. Tesla Inc. (TSLA) also fell by 1.32%, reaching $261.79.

Furthermore, PayPal Holdings Inc. (PYPL) experienced a decline of 1.63% to $61.91, and Ebang International Holdings Inc. (EBON) saw a decrease of 0.53% to $7.50. NVIDIA Corp. (NVDA) also dropped by 1.09% to $434.86, while Advanced Micro Devices Inc. (AMD) fell by 1.42% to $100.92.

Market Funds

Within the fund space, the blockchain-focused Amplify Transformational Data Sharing ETF (BLOK) fell by 1.12% to $20.80. The Bitwise Crypto Industry Innovators ETF (BITQ), which focuses on pure-play crypto companies, saw a decline of 2.00%, reaching $7.07. However, the Grayscale Bitcoin Trust (GBTC), which tracks the Bitcoin market price, experienced a modest increase of 1.14% to $19.45.

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