Most big cryptocurrencies increase as Bitcoin rallies


Published: Feb. 27, 2023 at 10:00 a.m. ET

Most of the largest cryptocurrencies were up during morning trading on Monday, with Bitcoin Bitcoin USD seeing the biggest move, climbing 1.04% to $23,804.80.

Six additional currencies posted upswings Monday. Ethereum Ethereum USD climbed 0.98% to $1,658.70, and Bitcoin Cash Bitcoin Cash USD climbed 0.97% to $138.02.

Most of the largest cryptocurrencies were up during morning trading on Monday, with Bitcoin

BTCUSD

seeing the biggest move, climbing 1.04% to $23,804.80.

Six additional currencies posted upswings Monday. Ethereum

ETHUSD

climbed 0.98% to $1,658.70, and Bitcoin Cash

BCHUSD

climbed 0.97% to $138.02.

Litecoin

LTCUSD

rose 0.72% to $95.73, while Polkadot

DOTUSD

rose 0.69% to $6.74. Uniswap

UNIUSD

rose 0.03% to $6.61.

Ripple

XRPUSD

,
which posted the smallest increase, rose 0.03% to 38 cents.

On the other hand, two cryptos posted decreases, with Cardano

ADAUSD

seeing the largest drop at 0.30% to 37 cents. Dogecoin

DOGEUSD

inched down 0.17% to 8 cents.

In crypto-related company news, shares of Coinbase Global Inc.

COIN

rallied 1.83% to $59.51, while MicroStrategy Inc.

MSTR

increased 4.33% to $266.87. Riot Platforms Inc.

RIOT

shares climbed 2.13% to $6.00, and shares of Marathon Digital Holdings Inc.

MARA

rallied 4.72% to $6.99.

Overstock.com Inc.

OSTK

slid 0.25% to $19.80, while Block Inc.

SQ

slid 0.47% to $77.00 and Tesla Inc.

TSLA

rose 4.50% to $205.74.

PayPal Holdings Inc.

PYPL

climbed 0.56% to $73.96, and Ebang International Holdings Inc.

EBON

shares slid 0.67% to $7.40. NVIDIA Corp.

NVDA

climbed 2.09% to $237.74, and Advanced Micro Devices Inc.

AMD

climbed 1.32% to $79.12.

In the fund space, the Bitwise Crypto Industry Innovators ETF

BITQ

,
which is focused on pure-play crypto companies, climbed 2.71% to $5.31. Blockchain-focused Amplify Transformational Data Sharing ETF

BLOK

rallied 1.73% to $18.24. Grayscale Bitcoin Trust

GBTC

,
which tracks the Bitcoin market price, rose 2.49% to $11.75.


Editor’s Note: This story was auto-generated by Automated Insights, an automation technology provider, using data from Dow Jones and FactSet. See our market data terms of use.



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