Most large cryptocurrencies were down during morning trading on Wednesday, with Cardano
ADAUSD
seeing the biggest move, tumbling 2.88% to 53 cents.
Seven additional currencies posted decreases Wednesday. Polkadot
DOTUSD
shed 2.72% to $7.37, and Ethereum
ETHUSD
shed 2.49% to $2,540.98.
Bitcoin
BTCUSD
shed 2.49% to $42,493.30, while Ripple
XRPUSD
fell 1.78% to 57 cents. Polygon
MATICUSD
fell 1.64% to 84 cents.
Dogecoin
DOGEUSD
and Uniswap
UNIUSD
rounded out the decreases for Wednesday, dropping 1.49% to 8 cents and 1.23% to $6.80, respectively.
On the other hand, Solana
SOLUSD
posted the only increase among the largest cryptos, rising 2.36% to $100.74.
In crypto-related company news, shares of Coinbase Global Inc.
COIN
dropped 3.28% to $129.49, while MicroStrategy Inc.
MSTR
sank 0.77% to $478.43. Riot Platforms Inc.
RIOT
shares declined 4.43% to $10.79, and shares of Marathon Digital Holdings Inc.
MARA
declined 3.26% to $17.20.
Block Inc.
SQ
declined 4.68% to $62.11 and Tesla Inc.
TSLA
dropped 2.74% to $213.88.
PayPal Holdings Inc.
PYPL
shed 3.28% to $56.53, and Ebang International Holdings Inc.
EBON
shares fell 4.33% to $9.06. NVIDIA Corp.
NVDA
fell 2.76% to $548.24, and Advanced Micro Devices Inc.
AMD
shed 2.64% to $154.55.
In the fund space, blockchain-focused Amplify Transformational Data Sharing ETF
BLOK
fell 1.93% to $26.45. The Bitwise Crypto Industry Innovators ETF
BITQ,
which is focused on pure-play crypto companies, dropped 3.48% to $8.79.
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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