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Cardano leads way as largest cryptocurrencies decline

All of the largest cryptocurrencies were down during morning trading on Wednesday, with Cardano
ADAUSD,
-5.47%

seeing the biggest move, tumbling 5.55% to 54 cents.

Polkadot
DOTUSD,
-5.61%

shed 5.29% to $8.42, and Dogecoin
DOGEUSD,
-5.14%

fell 4.14% to 8 cents.

Uniswap
UNIUSD,
-3.90%

fell 4.14% to $8.05 on Wednesday, while Litecoin
LTCUSD,
-1.87%

shed 2.29% to $60.05 and Ethereum
ETHUSD,
-2.89%

fell 2.75% to $1,833.23.

Bitcoin Cash
BCHUSD,
-2.37%

and Bitcoin
BTCUSD,
-2.53%

fell 2.29% to $134.15 and 2.22% to $23,440.42

Ripple
XRPUSD,
-1.02%

posted the smallest drop with a 1.73% decline to 37 cents.

In crypto-related company news, shares of Coinbase Global Inc.
COIN,
-5.75%

shed 5.01% to $85.86, while MicroStrategy Inc.
MSTR,
-6.04%

shed 3.82% to $329.54. Riot Blockchain Inc.
RIOT,
-8.83%

shares declined 4.58% to $8.75, and shares of Marathon Digital Holdings Inc.
MARA,
-8.77%

shed 3.95% to $16.21.

Overstock.com Inc.
OSTK,
-5.44%

shed 1.20% to $33.72, while Block Inc.
SQ,
-6.05%

dropped 3.99% to $82.46 and Tesla Inc.
TSLA,
-1.44%

slid 0.81% to $912.25.

PayPal Holdings Inc.
PYPL,
-2.58%

declined 1.98% to $100.06, and Ebang International Holdings Inc. Cl A
EBON,
-1.11%

shares dropped 1.97% to 55 cents. NVIDIA Corp.
NVDA,
-3.52%

shed 2.27% to $184.51, and Advanced Micro Devices Inc.
AMD,
-3.13%

dropped 1.98% to $97.80.

In the fund space, blockchain-focused Amplify Transformational Data Sharing ETF
BLOK,
-4.20%

fell 2.30% to $24.19. The Bitwise Crypto Industry Innovators ETF
BITQ,
-5.95%
,
which is focused on pure-play crypto companies, fell 4.30% to $9.17. Grayscale Bitcoin Trust
GBTC,
which tracks the Bitcoin market price, fell 2.54% to $14.56.


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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