Cardano leads way as most big cryptocurrencies post drops

Most of the largest cryptocurrencies were down during morning trading on Wednesday, with Cardano
ADAUSD,
-1.90%
seeing the biggest move, declining 7.99% to $1.62.

Seven additional currencies posted reductions Wednesday. Uniswap
UNIUSD,
-1.54%
fell 5.33% to $21.04, and Dogecoin
DOGEUSD,
-1.36%
dropped 5.11% to 21 cents.

Polkadot
DOTUSD,
-1.30%
fell 5.11% to $38.80, while Ethereum
ETHUSD,
-0.96%
dropped 3.50% to $4,199.01. Ripple
XRPUSD,
-1.17%
declined 3.46% to $1.02.

Litecoin
LTCUSD,
-1.09%
and Bitcoin
BTCUSD,
-1.14%
rounded out the decreases for Wednesday, dropping 3.22% to $207.62 and 2.69% to $56,144.09, respectively.

On the other hand, Bitcoin Cash
BCHUSD,
-2.45%
posted the only increase among the largest cryptos, rising 1.87% to $578.25.

In crypto-related company news, shares of Coinbase Global Inc.
COIN,
-1.52%
declined 1.81% to $311.47, while MicroStrategy Inc.
MSTR,
+0.59%
rose 0.05% to $697.09. Riot Blockchain Inc.
RIOT,
+2.41%
shares declined 1.91% to $35.44, and shares of Marathon Digital Holdings Inc.
MARA,
+0.52%
dropped 2.23% to $50.96.

Overstock.com Inc.
OSTK,
+0.05%
climbed 0.22% to $92.96, while Square Inc. Cl A
SQ,
+2.42%
rallied 1.04% to $212.75 and Tesla Inc.
TSLA,
+0.63%
slipped 0.20% to $1,106.86.

PayPal Holdings Inc.
PYPL,
+0.35%
inched down 0.20% to $187.67, and Ebang International Holdings Inc. Cl A
EBON,
+4.35%
shares shed 1.86% to $1.58. NVIDIA Corp.
NVDA,
+2.92%
slipped 0.52% to $315.80, and Advanced Micro Devices Inc.
AMD,
+5.26%
rose 0.20% to $151.72.

In the fund space, the Bitwise Crypto Industry Innovators ETF
BITQ,
+0.43%,
which is focused on pure-play crypto companies, dropped 1.86% to $29.34. Blockchain-focused Amplify Transformational Data Sharing ETF
BLOK,
+0.55%
shed 1.98% to $55.52. Grayscale Bitcoin Trust
GBTC,
-0.98%,
which tracks the Bitcoin market price, shed 3.48% to $45.25.


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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