Cardano leads way as most big cryptocurrencies post decreases

Most large cryptocurrencies were down during morning trading on Wednesday, with Cardano
ADAUSD,
-2.63%
seeing the biggest move, tumbling 2.88% to 53 cents.

Seven additional currencies posted decreases Wednesday. Polkadot
DOTUSD,
-2.77%
shed 2.72% to $7.37, and Ethereum
ETHUSD,
-2.57%
shed 2.49% to $2,540.98.

Bitcoin
BTCUSD,
-1.44%
shed 2.49% to $42,493.30, while Ripple
XRPUSD,
-1.19%
fell 1.78% to 57 cents. Polygon
MATICUSD,
-4.27%
fell 1.64% to 84 cents.

Dogecoin
DOGEUSD,
-1.46%
and Uniswap
UNIUSD,
-1.58%
rounded out the decreases for Wednesday, dropping 1.49% to 8 cents and 1.23% to $6.80, respectively.

On the other hand, Solana
SOLUSD,
+3.40%
posted the only increase among the largest cryptos, rising 2.36% to $100.74.

In crypto-related company news, shares of Coinbase Global Inc.
COIN,
-0.34%
dropped 3.28% to $129.49, while MicroStrategy Inc.
MSTR,
+2.25%
sank 0.77% to $478.43. Riot Platforms Inc.
RIOT,
-3.76%
shares declined 4.43% to $10.79, and shares of Marathon Digital Holdings Inc.
MARA,
-3.08%
declined 3.26% to $17.20.

Block Inc.
SQ,
-2.29%
declined 4.68% to $62.11 and Tesla Inc.
TSLA,
-2.26%
dropped 2.74% to $213.88.

PayPal Holdings Inc.
PYPL,
+2.10%
shed 3.28% to $56.53, and Ebang International Holdings Inc.
EBON,
+8.76%
shares fell 4.33% to $9.06. NVIDIA Corp.
NVDA,
-0.75%
fell 2.76% to $548.24, and Advanced Micro Devices Inc.
AMD,
+0.76%
shed 2.64% to $154.55.

In the fund space, blockchain-focused Amplify Transformational Data Sharing ETF
BLOK,
-1.00%
fell 1.93% to $26.45. The Bitwise Crypto Industry Innovators ETF
BITQ,
-2.69%,
which is focused on pure-play crypto companies, dropped 3.48% to $8.79.


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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