All of the largest cryptocurrencies were down during morning trading on Wednesday, with Cardano
seeing the biggest move, tumbling 5.55% to 54 cents.
posted the smallest drop with a 1.73% decline to 37 cents.
In crypto-related company news, shares of Coinbase Global Inc.
shed 5.01% to $85.86, while MicroStrategy Inc.
shed 3.82% to $329.54. Riot Blockchain Inc.
shares declined 4.58% to $8.75, and shares of Marathon Digital Holdings Inc.
shed 3.95% to $16.21.
PayPal Holdings Inc.
declined 1.98% to $100.06, and Ebang International Holdings Inc. Cl A
shares dropped 1.97% to 55 cents. NVIDIA Corp.
shed 2.27% to $184.51, and Advanced Micro Devices Inc.
dropped 1.98% to $97.80.
In the fund space, blockchain-focused Amplify Transformational Data Sharing ETF
fell 2.30% to $24.19. The Bitwise Crypto Industry Innovators ETF
which is focused on pure-play crypto companies, fell 4.30% to $9.17. Grayscale Bitcoin Trust
which tracks the Bitcoin market price, fell 2.54% to $14.56.