Cardano leads way as largest cryptocurrencies decline

All of the largest cryptocurrencies were down during morning trading on Wednesday, with Cardano
ADAUSD
seeing the biggest move, tumbling 5.55% to 54 cents.

Polkadot
DOTUSD
shed 5.29% to $8.42, and Dogecoin
DOGEUSD
fell 4.14% to 8 cents.

Uniswap
UNIUSD
fell 4.14% to $8.05 on Wednesday, while Litecoin
LTCUSD
shed 2.29% to $60.05 and Ethereum
ETHUSD
fell 2.75% to $1,833.23.

Bitcoin Cash
BCHUSD
and Bitcoin
BTCUSD
fell 2.29% to $134.15 and 2.22% to $23,440.42

Ripple
XRPUSD
posted the smallest drop with a 1.73% decline to 37 cents.

In crypto-related company news, shares of Coinbase Global Inc.
COIN
shed 5.01% to $85.86, while MicroStrategy Inc.
MSTR
shed 3.82% to $329.54. Riot Blockchain Inc.
RIOT
shares declined 4.58% to $8.75, and shares of Marathon Digital Holdings Inc.
MARA
shed 3.95% to $16.21.

Overstock.com Inc.
OSTK
shed 1.20% to $33.72, while Block Inc.
SQ
dropped 3.99% to $82.46 and Tesla Inc.
TSLA
slid 0.81% to $912.25.

PayPal Holdings Inc.
PYPL
declined 1.98% to $100.06, and Ebang International Holdings Inc. Cl A
EBON
shares dropped 1.97% to 55 cents. NVIDIA Corp.
NVDA
shed 2.27% to $184.51, and Advanced Micro Devices Inc.
AMD
dropped 1.98% to $97.80.

In the fund space, blockchain-focused Amplify Transformational Data Sharing ETF
BLOK
fell 2.30% to $24.19. The Bitwise Crypto Industry Innovators ETF
BITQ,
which is focused on pure-play crypto companies, fell 4.30% to $9.17. Grayscale Bitcoin Trust
GBTC,
which tracks the Bitcoin market price, fell 2.54% to $14.56.


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.