Most large cryptocurrencies decline on Dogecoin, Bitcoin Cash drops


Most of the largest cryptocurrencies were down during morning trading on Wednesday, with Dogecoin
DOGEUSD,
-2.77%

seeing the biggest move, dropping 2.88% to 6 cents.

Seven additional currencies posted reductions Wednesday. Bitcoin Cash
BCHUSD,
-1.62%

fell 1.76% to $116.56, and Litecoin
LTCUSD,
-1.41%

slid 0.98% to $52.78.

Ethereum
ETHUSD,
-1.17%

sank 0.98% to $1,112.04, while Cardano
ADAUSD,
-1.57%

slid 0.84% to 48 cents. Bitcoin
BTCUSD,
-0.97%

inched down 0.75% to $20,680.70.

Polkadot
DOTUSD,
-0.61%

and Ripple
XRPUSD,
-0.58%

rounded out the decreases for Wednesday, dropping 0.27% to $7.72 and 0.20% to 33 cents, respectively.

On the other hand, Uniswap
UNIUSD,
+11.23%

posted the only increase among the largest cryptos, rising 8.85% to $5.12.

In crypto-related company news, shares of Coinbase Global Inc.
COIN,
-5.41%

declined 1.92% to $56.39, while MicroStrategy Inc.
MSTR,
+1.99%

slipped 0.26% to $178.49. Riot Blockchain Inc.
RIOT,
-4.22%

shares declined 2.75% to $4.95, and shares of Marathon Digital Holdings Inc.
MARA,
-1.80%

slid 0.35% to $7.20.

Overstock.com Inc.
OSTK,
+0.87%

climbed 0.20% to $29.80, while Block Inc.
SQ,
+1.88%

increased 1.29% to $61.30 and Tesla Inc.
TSLA,
+2.73%

increased 2.18% to $726.62.

PayPal Holdings Inc.
PYPL,
+1.78%

climbed 0.80% to $72.95, and Ebang International Holdings Inc. Cl A
EBON,
-6.62%

shares declined 5.80% to 50 cents. NVIDIA Corp.
NVDA,
-0.53%

slipped 0.62% to $164.64, and Advanced Micro Devices Inc.
AMD,
+1.93%

increased 0.80% to $84.80.

In the fund space, blockchain-focused Amplify Transformational Data Sharing ETF
BLOK,
-0.83%

slid 0.79% to $19.09. The Bitwise Crypto Industry Innovators ETF
BITQ,
-1.67%
,
which is focused on pure-play crypto companies, declined 2.55% to $6.32. Grayscale Bitcoin Trust
GBTC,
which tracks the Bitcoin market price, declined 1.37% to $13.33.


Editor’s Note: This story, which tracks nine of the top cryptocurrencies and excludes stable coins, was auto-generated by Automated Insights, an automation technology provider, using data from Dow Jones, FactSet and Kraken. See our market data terms of use.



Source link