Largest cryptocurrencies drop on Dogecoin, Cardano declines


All of the largest cryptocurrencies were down during morning trading on Wednesday, with Dogecoin
DOGEUSD,
-8.71%

seeing the biggest move, tumbling 6.04% to 18 cents.

Cardano
ADAUSD,
-4.59%

fell 3.84% to $1.22, and Polkadot
DOTUSD,
-6.26%

dropped 3.66% to $25.18.

Uniswap
UNIUSD,
-5.14%

shed 3.66% to $14.53 on Wednesday, while Bitcoin Cash
BCHUSD,
-3.94%

shed 2.66% to $425.18 and Litecoin
LTCUSD,
-3.60%

shed 2.67% to $146.40.

Ripple
XRPUSD,
-4.50%

and Ethereum
ETHUSD,
-4.44%

fell 2.58% to 80 cents and 2.03% to $3,775.90

Bitcoin
BTCUSD,
-3.29%

rounded out the decreases with a 1.86% decline to $47,383.44.

In crypto-related company news, shares of Coinbase Global Inc.
COIN,
-2.58%

dropped 2.71% to $248.93, while MicroStrategy Inc.
MSTR,
-4.84%

declined 1.80% to $569.92. Riot Blockchain Inc.
RIOT,
-6.94%

shares fell 4.93% to $23.70, and shares of Marathon Digital Holdings Inc.
MARA,
-7.45%

declined 3.54% to $36.01.

Overstock.com Inc.
OSTK,
-3.75%

shed 3.23% to $65.05, while Block Inc.
SQ,
-3.17%

fell 3.70% to $164.41 and Tesla Inc.
TSLA,
-1.76%

inched down 0.38% to $954.89.

PayPal Holdings Inc.
PYPL,
-1.48%

sank 0.99% to $184.95, and Ebang International Holdings Inc. Cl A
EBON,
-10.03%

shares fell 8.39% to $1.37. NVIDIA Corp.
NVDA,
+1.35%

sank 0.38% to $282.30, and Advanced Micro Devices Inc.
AMD,
+1.66%

shed 0.99% to $133.95.

In the fund space, blockchain-focused Amplify Transformational Data Sharing ETF
BLOK,
-1.87%

dropped 1.26% to $45.63. The Bitwise Crypto Industry Innovators ETF
BITQ,
-3.00%
,
which is focused on pure-play crypto companies, dropped 1.66% to $21.96. Grayscale Bitcoin Trust
GBTC,
-2.79%
,
which tracks the Bitcoin market price, declined 1.69% to $36.08.


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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