Largest cryptocurrencies drop on Cardano, Ethereum declines

All of the largest cryptocurrencies were down during morning trading on Wednesday, with Cardano
ADAUSD,
-4.18%
seeing the biggest move, falling 4.83% to 35 cents.

Ethereum
ETHUSD,
-3.18%
dropped 3.97% to $1,535.99, and Dogecoin
DOGEUSD,
-2.80%
dropped 3.86% to 8 cents.

Polkadot
DOTUSD,
-3.23%
dropped 3.86% to $6.16 on Wednesday, while Uniswap
UNIUSD,
-1.08%
shed 2.55% to $6.30 and Ripple
XRPUSD,
-2.45%
fell 2.85% to 40 cents.

Bitcoin
BTCUSD,
-1.47%
and Litecoin
LTCUSD,
-0.27%
fell 2.03% to $22,434.25 and 1.61% to $86.60

Bitcoin Cash
BCHUSD,
-0.93%
posted the smallest drop with a 0.75% decline to $129.09.

In crypto-related company news, shares of Coinbase Global Inc.
COIN,
-3.39%
fell 7.24% to $49.68, while MicroStrategy Inc.
MSTR,
-4.42%
dropped 5.50% to $233.89. Riot Platforms Inc.
RIOT,
-4.56%
shares fell 6.68% to $5.73, and shares of Marathon Digital Holdings Inc.
MARA,
-7.04%
dropped 9.38% to $7.98.

Overstock.com Inc.
OSTK,
-0.48%
shed 3.67% to $20.98, while Block Inc.
SQ,
-3.72%
declined 6.98% to $75.15 and Tesla Inc.
TSLA,
-0.65%
fell 3.49% to $138.88.

PayPal Holdings Inc.
PYPL,
-1.79%
shed 2.51% to $77.58, and Ebang International Holdings Inc.
EBON,
-5.70%
shares declined 5.17% to $8.49. NVIDIA Corp.
NVDA,
-2.08%
fell 1.98% to $188.83, and Advanced Micro Devices Inc.
AMD,
-1.85%
fell 2.73% to $72.66.

In the fund space, blockchain-focused Amplify Transformational Data Sharing ETF
BLOK,
-1.55%
shed 3.15% to $18.12. The Bitwise Crypto Industry Innovators ETF
BITQ,
-4.95%,
which is focused on pure-play crypto companies, dropped 4.95% to $5.28. Grayscale Bitcoin Trust
GBTC,
which tracks the Bitcoin market price, declined 3.47% to $11.56.


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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