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Cryptocurrency Market Update

by Myfxtools
January 2, 2024
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Large cryptocurrencies showed mixed performance during morning trading on Tuesday. Bitcoin (BTCUSD) saw the biggest move, rising by 3.80% to $45,265.20.

Winners and Losers

Winners:

  • Solana (SOLUSD) climbed 1.92% to $110.11.
  • Ethereum (ETHUSD) increased by 1.29% to $2,367.16.

Losers:

  • Uniswap (UNIUSD) led the decreases with a 2.90% drop to $7.33.
  • Polygon (MATICUSD) fell 2.54% to 98 cents.
  • Cardano (ADAUSD) sank 0.66% to 61 cents.

Other cryptocurrencies experienced smaller declines:

  • Polkadot (DOTUSD) slid 0.43% to $8.49.
  • Ripple (XRPUSD) inched down 0.63% to 63 cents.
  • Dogecoin (DOGEUSD) recorded the smallest decline, declining by 0.09% to 9 cents.

Crypto-related Company News

In crypto-related company news, some notable changes were observed:

  • Shares of Coinbase Global Inc. (COIN) shed 4.89% to $165.41.
  • MicroStrategy Inc. (MSTR) surged 11.27% to $702.81.
  • Riot Platforms Inc. (RIOT) shares climbed 5.37% to $16.30.
  • Shares of Marathon Digital Holdings Inc. (MARA) climbed 5.83% to $24.86.
  • Block Inc. (SQ) shed 3.87% to $74.36.
  • Tesla Inc. (TSLA) rose 0.33% to $249.31.
  • PayPal Holdings Inc. (PYPL) slipped 0.48% to $61.12.
  • Ebang International Holdings Inc. (EBON) shares dropped 9.61% to $13.83.
  • NVIDIA Corp. (NVDA) fell 3.35% to $478.61.
  • Advanced Micro Devices Inc. (AMD) declined 4.30% to $141.08.

Market Performance

In the fund space, several cryptocurrency-focused exchange-traded funds (ETFs) exhibited changes:

  • Bitwise Crypto Industry Innovators ETF (BITQ), which focuses on pure-play crypto companies, rose 3.45% to $11.99.
  • Blockchain-focused Amplify Transformational Data Sharing ETF (BLOK) rose 1.66% to $30.35.
  • Grayscale Bitcoin Trust (GBTC), which tracks the Bitcoin market price, rose 6.44% to $36.85.
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