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Most large cryptocurrencies decline on Polkadot, Cardano drops

Most of the largest cryptocurrencies were down during morning trading on Wednesday, with Polkadot
DOTUSD,
-2.65%

seeing the biggest move, declining 3.10% to $4.46.

Seven additional currencies posted reductions Wednesday. Cardano
ADAUSD,
-2.76%

shed 2.56% to 25 cents, and Ripple
XRPUSD,
-2.28%

fell 2.35% to 34 cents.

Dogecoin
DOGEUSD,
-2.14%

declined 2.35% to 7 cents, while Bitcoin Cash
BCHUSD,
-0.71%

declined 1.16% to $100.44. Uniswap
UNIUSD,
-0.09%

fell 1.09% to $5.26.

Ethereum
ETHUSD,
-0.24%

and Bitcoin
BTCUSD,
-0.33%

rounded out the decreases for Wednesday, dropping 0.36% to $1,212.13 and 0.36% to $16,822.53, respectively.

On the other hand, Litecoin
LTCUSD,
+0.18%

posted the only increase among the largest cryptos, rising 0.09% to $65.46.

In crypto-related company news, shares of Coinbase Global Inc.
COIN,
+1.89%

rose 0.92% to $35.29, while MicroStrategy Inc.
MSTR,
+0.92%

sank 0.35% to $168.27. Riot Blockchain Inc.
RIOT,
-0.26%

shares shed 1.44% to $3.78, and shares of Marathon Digital Holdings Inc.
MARA,
-2.17%

declined 1.41% to $3.86.

Overstock.com Inc.
OSTK,
+0.20%

climbed 0.75% to $20.19, while Block Inc.
SQ,
+2.70%

rallied 1.25% to $62.18 and Tesla Inc.
TSLA,
+0.31%

rose 0.95% to $139.11.

PayPal Holdings Inc.
PYPL,
+1.77%

climbed 0.46% to $69.08, and Ebang International Holdings Inc.
EBON,
+2.41%

shares inched down 0.34% to $2.89. NVIDIA Corp.
NVDA,
+2.47%

rallied 1.72% to $163.62, and Advanced Micro Devices Inc.
AMD,
+3.17%

climbed 0.46% to $66.52.

In the fund space, blockchain-focused Amplify Transformational Data Sharing ETF
BLOK,
+1.31%

rose 1.05% to $15.45. The Bitwise Crypto Industry Innovators ETF
BITQ,
+0.86%
,
which is focused on pure-play crypto companies, climbed 0.14% to $3.51. Grayscale Bitcoin Trust
GBTC,
which tracks the Bitcoin market price, declined 1.49% to $7.96.


Editor’s Note: This story was auto-generated by Automated Insights, an automation technology provider, using data from Dow Jones and FactSet. See our market data terms of use.


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