Most large cryptocurrencies decline on Dogecoin, Bitcoin Cash drops

Most of the largest cryptocurrencies were down during morning trading on Wednesday, with Dogecoin
DOGEUSD,
+1.32%
seeing the biggest move, dropping 2.88% to 6 cents.

Seven additional currencies posted reductions Wednesday. Bitcoin Cash
BCHUSD,
+0.02%
fell 1.76% to $116.56, and Litecoin
LTCUSD,
-1.14%
slid 0.98% to $52.78.

Ethereum
ETHUSD,
-3.44%
sank 0.98% to $1,112.04, while Cardano
ADAUSD,
-0.16%
slid 0.84% to 48 cents. Bitcoin
BTCUSD,
-0.56%
inched down 0.75% to $20,680.70.

Polkadot
DOTUSD,
-0.69%
and Ripple
XRPUSD,
-0.49%
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,
-0.34%
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,
-11.27%
declined 1.92% to $56.39, while MicroStrategy Inc.
MSTR,
-12.76%
slipped 0.26% to $178.49. Riot Blockchain Inc.
RIOT,
-12.44%
shares declined 2.75% to $4.95, and shares of Marathon Digital Holdings Inc.
MARA,
-15.46%
slid 0.35% to $7.20.

Overstock.com Inc.
OSTK,
-8.07%
climbed 0.20% to $29.80, while Block Inc.
SQ,
-6.72%
increased 1.29% to $61.30 and Tesla Inc.
TSLA,
-2.05%
increased 2.18% to $726.62.

PayPal Holdings Inc.
PYPL,
-3.30%
climbed 0.80% to $72.95, and Ebang International Holdings Inc. Cl A
EBON,
-5.24%
shares declined 5.80% to 50 cents. NVIDIA Corp.
NVDA,
-4.92%
slipped 0.62% to $164.64, and Advanced Micro Devices Inc.
AMD,
-4.47%
increased 0.80% to $84.80.

In the fund space, blockchain-focused Amplify Transformational Data Sharing ETF
BLOK,
-6.26%
slid 0.79% to $19.09. The Bitwise Crypto Industry Innovators ETF
BITQ,
-9.59%,
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.


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