Bitcoin Cash leads way as largest cryptocurrencies slump

All of the largest cryptocurrencies were down during morning trading on Friday, with Bitcoin Cash
BCHUSD,
-1.78%
seeing the biggest move, declining 3.17% to $140.06.

Ripple
XRPUSD,
-1.29%
declined 2.27% to 37 cents, and Litecoin
LTCUSD,
-0.56%
shed 2.20% to $61.32.

Bitcoin
BTCUSD,
-0.45%
fell 2.20% to $23,807.03 on Friday, while Cardano
ADAUSD,
+0.34%
dropped 1.14% to 53 cents and Dogecoin
DOGEUSD,
+0.39%
declined 1.20% to 7 cents.

Ethereum
ETHUSD,
+1.19%
and Uniswap
UNIUSD,
+0.68%
fell 0.96% to $1,884.25 and 0.34% to $8.99

Polkadot
DOTUSD,
+0.46%
posted the smallest drop with a 0.26% decline to $9.29.

In crypto-related company news, shares of Coinbase Global Inc.
COIN,
+7.73%
rallied 2.19% to $85.84, while MicroStrategy Inc.
MSTR,
+4.70%
rose 1.49% to $342.02. Riot Blockchain Inc.
RIOT,
+4.31%
shares slid 0.42% to $9.48, and shares of Marathon Digital Holdings Inc.
MARA,
+6.11%
declined 1.45% to $16.94.

Overstock.com Inc.
OSTK,
+2.13%
increased 1.19% to $31.42, while Block Inc.
SQ,
+2.28%
climbed 0.55% to $86.46 and Tesla Inc.
TSLA,
+4.68%
rose 0.00% to $859.92.

PayPal Holdings Inc.
PYPL,
+2.01%
rallied 2.39% to $101.48, and Ebang International Holdings Inc. Cl A
EBON,
+4.95%
shares inched down 0.31% to 57 cents. NVIDIA Corp.
NVDA,
+4.27%
increased 1.93% to $182.89, and Advanced Micro Devices Inc.
AMD,
+2.76%
rallied 2.39% to $100.29.

In the fund space, blockchain-focused Amplify Transformational Data Sharing ETF
BLOK,
+3.94%
rose 0.68% to $24.27. The Bitwise Crypto Industry Innovators ETF
BITQ,
+5.26%,
which is focused on pure-play crypto companies, rose 0.06% to $9.51. Grayscale Bitcoin Trust
GBTC,
which tracks the Bitcoin market price, declined 1.12% to $15.01.


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.


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