All of the largest cryptocurrencies were down during morning trading on Wednesday, with Dogecoin
DOGEUSD,
seeing the biggest move, tumbling 10.52% to 15 cents.
Uniswap
UNIUSD,
dropped 7.36% to $10.38, and Polkadot
DOTUSD,
declined 7.24% to $20.50.
Cardano
ADAUSD,
declined 7.24% to $1.10 on Wednesday, while Bitcoin Cash
BCHUSD,
fell 5.90% to $345.91 and Litecoin
LTCUSD,
dropped 6.40% to $116.19.
Ethereum
ETHUSD,
and Ripple
XRPUSD,
fell 5.25% to $3,255.74 and 4.76% to 78 cents
Bitcoin
BTCUSD,
posted the smallest drop with a 3.14% decline to $44,274.01.
In crypto-related company news, shares of Coinbase Global Inc.
COIN,
shed 4.83% to $168.62, while MicroStrategy Inc.
MSTR,
shed 6.15% to $457.31. Riot Blockchain Inc.
RIOT,
shares dropped 6.50% to $17.98, and shares of Marathon Digital Holdings Inc.
MARA,
fell 5.26% to $24.88.
Overstock.com Inc.
OSTK,
dropped 4.94% to $40.76, while Block Inc.
SQ,
shed 6.41% to $127.21 and Tesla Inc.
TSLA,
shed 4.10% to $1,046.50.
PayPal Holdings Inc.
PYPL,
dropped 3.74% to $113.25, and Ebang International Holdings Inc. Cl A
EBON,
shares fell 3.19% to $1.19. NVIDIA Corp.
NVDA,
shed 4.69% to $247.14, and Advanced Micro Devices Inc.
AMD,
dropped 3.74% to $103.23.
In the fund space, blockchain-focused Amplify Transformational Data Sharing ETF
BLOK,
declined 3.77% to $32.18. The Bitwise Crypto Industry Innovators ETF
BITQ,
which is focused on pure-play crypto companies, declined 5.29% to $16.03. Grayscale Bitcoin Trust
GBTC,
which tracks the Bitcoin market price, declined 4.67% to $30.63.
Editor’s Note: This story, which tracks nine of the top cryptocurrencies and excludes stable coins, was auto-generated by Automated Insights, an automation technology provider, using data from Dow Jones, FactSet and Kraken. See our market data terms of use.
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