Most large cryptocurrencies were down during morning trading on Wednesday, with Polygon
MATICUSD,
seeing the biggest move, declining 3.39% to 68 cents.
Seven additional currencies posted reductions Wednesday. Solana
SOLUSD,
fell 3.24% to $18.81, and Cardano
ADAUSD,
fell 3.08% to 29 cents.
Dogecoin
DOGEUSD,
shed 3.08% to 7 cents, while Ripple
XRPUSD,
declined 2.58% to 48 cents. Polkadot
DOTUSD,
shed 2.46% to $5.21.
Ethereum
ETHUSD,
and Bitcoin
BTCUSD,
rounded out the decreases for Wednesday, dropping 2.02% to $1,902.74 and 1.44% to $30,354.70, respectively.
On the other hand, Uniswap
UNIUSD,
posted the only increase among the largest cryptos, rising 0.15% to $5.45.
In crypto-related company news, shares of Coinbase Global Inc.
COIN,
declined 2.78% to $77.71, while MicroStrategy Inc.
MSTR,
dropped 1.86% to $370.80. Riot Platforms Inc.
RIOT,
shares slid 0.45% to $13.29, and shares of Marathon Digital Holdings Inc.
MARA,
declined 1.08% to $15.16.
Overstock.com Inc.
OSTK,
shed 1.86% to $31.47, while Block Inc.
SQ,
slid 0.56% to $65.83 and Tesla Inc.
TSLA,
rose 0.36% to $280.84.
PayPal Holdings Inc.
PYPL,
declined 1.52% to $67.07, and Ebang International Holdings Inc.
EBON,
shares fell 2.14% to $6.96. NVIDIA Corp.
NVDA,
climbed 0.65% to $426.88, and Advanced Micro Devices Inc.
AMD,
climbed 0.03% to $115.86.
In the fund space, the Bitwise Crypto Industry Innovators ETF
BITQ,
which is focused on pure-play crypto companies, inched down 0.80% to $8.71. Blockchain-focused Amplify Transformational Data Sharing ETF
BLOK,
inched down 0.80% to $23.47. Grayscale Bitcoin Trust
GBTC,
which tracks the Bitcoin market price, declined 2.15% to $20.01.
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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