Bitcoin Cash Leads Declines as Largest Cryptocurrencies Start Mixed

The largest cryptocurrencies were mixed during morning trading on Monday, with Uniswap UNIUSD seeing the biggest move, rising 5.37% to $11.34.

Bitcoin Cash BCHUSD led the decreases with a 1.55% drop to $284.73.

Three other cryptocurrencies saw increases Monday. Ethereum ETHUSD climbed 1.57% to $2,598.87, and Polkadot DOTUSD rose 0.89% to $18.10.

Dogecoin DOGEUSD, which saw the smallest increase, climbed 0.58% to 14 cents.

In addition to Bitcoin Cash, four other currencies posted decreases. Ripple XRPUSD shed 1.14% to 60 cents, and Cardano ADAUSD slipped 0.81% to $1.03.

Bitcoin BTCUSD and Litecoin LTCUSD also recorded declines, falling 0.58% to $37,529.81 and 0.07% to $108.07, respectively.

In crypto-related company news, shares of Coinbase Global Inc. COIN rallied 2.62% to $182.24, while MicroStrategy Inc. MSTR increased 2.03% to $345.84. Riot Blockchain Inc. RIOT shares rallied 4.42% to $15.35, and shares of Marathon Digital Holdings Inc. MARA climbed 2.37% to $22.49. Inc. OSTK climbed 4.42% to $45.00, while Block Inc. SQ rallied 5.68% to $116.65 and Tesla Inc. TSLA climbed 5.53% to $893.19.

PayPal Holdings Inc. PYPL increased 2.62% to $167.81, and Ebang International Holdings Inc. Cl A EBON shares rose 0.98% to 88 cents. NVIDIA Corp. NVDA rallied 3.49% to $236.36, and Advanced Micro Devices Inc. AMD rose 2.62% to $109.10.

In the fund space, the Bitwise Crypto Industry Innovators ETF BITQ, which is focused on pure-play crypto companies, increased 3.31% to $14.98. Blockchain-focused Amplify Transformational Data Sharing ETF BLOK rose 2.33% to $31.77. Grayscale Bitcoin Trust GBTC, which tracks the Bitcoin market price, dropped 1.15% to $25.44.

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