All of the largest cryptocurrencies were down during morning trading on Wednesday, with Dogecoin
seeing the biggest move, tumbling 10.52% to 15 cents.
posted the smallest drop with a 3.14% decline to $44,274.01.
In crypto-related company news, shares of Coinbase Global Inc.
shed 4.83% to $168.62, while MicroStrategy Inc.
shed 6.15% to $457.31. Riot Blockchain Inc.
shares dropped 6.50% to $17.98, and shares of Marathon Digital Holdings Inc.
fell 5.26% to $24.88.
PayPal Holdings Inc.
dropped 3.74% to $113.25, and Ebang International Holdings Inc. Cl A
shares fell 3.19% to $1.19. NVIDIA Corp.
shed 4.69% to $247.14, and Advanced Micro Devices Inc.
dropped 3.74% to $103.23.
In the fund space, blockchain-focused Amplify Transformational Data Sharing ETF
declined 3.77% to $32.18. The Bitwise Crypto Industry Innovators ETF
which is focused on pure-play crypto companies, declined 5.29% to $16.03. Grayscale Bitcoin Trust
which tracks the Bitcoin market price, declined 4.67% to $30.63.