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Cryptocurrency Market Update

November 13, 2023 by Forex Winner Leave a Comment

Most major cryptocurrencies experienced a downturn during morning trading on Monday, with Cardano (ADA) seeing the largest decline, tumbling 4.94% to 37 cents.

Major Declines

Among the seven additional currencies that posted reductions on Monday:

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  • Polygon (MATIC) dropped 4.02% to 88 cents.
  • Polkadot (DOT) shed 3.58% to $5.56.
  • Ripple (XRP) shed 3.58% to 65 cents.
  • Dogecoin (DOGE) declined 2.09% to 8 cents.
  • Solana (SOL) fell 1.70% to $56.08.

Minor Declines

Furthermore, Uniswap and Bitcoin also experienced minor declines:

  • Uniswap (UNI) dropped 1.36% to $5.43.
  • Bitcoin (BTC) declined 1.00% to $36,813.80.

Positive Momentum

On the other hand, Ethereum (ETH) showed strength and posted an increase, rising 0.97% to $2,079.98.

Crypto-Related Company News

In terms of crypto-related company news:

  • Coinbase Global Inc. (COIN) shares dropped 3.27% to $89.88.
  • MicroStrategy Inc. (MSTR) declined 1.89% to $499.55.
  • Riot Platforms Inc. (RIOT) shares fell 4.84% to $9.86.
  • Marathon Digital Holdings Inc. (MARA) dropped 5.05% to $9.13.
  • Block Inc. (SQ) sank 0.68% to $51.15.
  • Tesla Inc. (TSLA) climbed 0.60% to $215.93.
  • PayPal Holdings Inc. (PYPL) sank 1.00% to $54.23.
  • Ebang International Holdings Inc. (EBON) shares dropped 2.38% to $7.37.
  • NVIDIA Corp. (NVDA) climbed 0.20% to $484.34.
  • Advanced Micro Devices Inc. (AMD) shed 1.59% to $116.70.

Fund Space

In the fund space:

  • Amplify Transformational Data Sharing ETF (BLOK), which focuses on blockchain technology, fell 2.13% to $21.61.
  • Bitwise Crypto Industry Innovators ETF (BITQ), which focuses on pure-play crypto companies, shed 4.10% to $7.01.
  • Grayscale Bitcoin Trust (GBTC), which tracks the Bitcoin market price, fell 1.71% to $29.46.

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Filed Under: Forex News Tagged With: Advanced Micro Devices, Amplify Transformational Data Sharing ETF, Bitcoin, Bitwise Crypto Industry Innovators ETF, Block Inc., Cardano, Coinbase, Dogecoin, Ebang International Holdings, Ethereum, Grayscale Bitcoin Trust, Marathon Digital Holdings, MicroStrategy, NVIDIA Corp., PayPal Holdings, Polkadot, Polygon, Riot Platforms, Ripple, Solana, Tesla, Uniswap

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