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Indebta > Investing > Large cryptocurrencies fall as Solana declines
Investing

Large cryptocurrencies fall as Solana declines

News Room
Last updated: 2023/05/25 at 12:39 PM
By News Room
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2 Min Read
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All large cryptocurrencies were down during morning trading on Wednesday, with Solana
SOLUSD,
-0.52%
seeing the biggest change, tumbling 4.98% to $19.08.

Dogecoin
DOGEUSD,
-1.25%
dropped 3.54% to 7 cents, and Uniswap
UNIUSD,
-1.13%
dropped 3.35% to $4.90.

Ripple
XRPUSD,
-1.41%
shed 3.35% to 45 cents on Wednesday, while Bitcoin
BTCUSD,
-0.73%
shed 2.82% to $26,449.70 and Ethereum
ETHUSD,
-0.47%
fell 2.84% to $1,802.26.

Polkadot
DOTUSD,
-0.21%
and Polygon
MATICUSD,
+1.23%
fell 2.74% to $5.24 and 2.68% to 86 cents

Cardano
ADAUSD,
-2.51%
rounded out the decreases with a 2.24% decline to 36 cents.

In crypto-related company news, shares of Coinbase Global Inc.
COIN,
-3.50%
fell 3.16% to $57.23, while MicroStrategy Inc.
MSTR,
-3.28%
shed 2.95% to $280.79. Riot Platforms Inc.
RIOT,
-4.35%
shares dropped 4.74% to $10.75, and shares of Marathon Digital Holdings Inc.
MARA,
-6.05%
shed 3.27% to $9.02.

Overstock.com Inc.
OSTK,
-1.28%
dropped 1.87% to $17.27, while Block Inc.
SQ,
-2.89%
dropped 1.76% to $60.48 and Tesla Inc.
TSLA,
+1.27%
fell 3.15% to $179.91.

PayPal Holdings Inc.
PYPL,
-3.27%
declined 1.04% to $61.36, and Ebang International Holdings Inc.
EBON,
+2.41%
shares shed 5.79% to $6.02. NVIDIA Corp.
NVDA,
+25.74%
fell 1.63% to $301.89, and Advanced Micro Devices Inc.
AMD,
+10.28%
fell 1.01% to $107.03.

In the fund space, blockchain-focused Amplify Transformational Data Sharing ETF
BLOK,
-0.92%
dropped 1.91% to $19.50. The Bitwise Crypto Industry Innovators ETF
BITQ,
-3.09%,
which is focused on pure-play crypto companies, fell 3.17% to $6.57. Grayscale Bitcoin Trust
GBTC,
+0.21%,
which tracks the Bitcoin market price, fell 1.79% to $14.07.


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.

Read the full article here

News Room May 25, 2023 May 25, 2023
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