All large cryptocurrencies were down during morning trading on Wednesday, with Polygon
MATICUSD,
seeing the biggest move, tumbling 14.16% to 84 cents.
Dogecoin
DOGEUSD,
tumbled 10.86% to 8 cents, and Uniswap
UNIUSD,
plunged 10.69% to $6.42.
Polkadot
DOTUSD,
tumbled 10.69% to $7.51 on Wednesday, while Ripple
XRPUSD,
tumbled 10.13% to 56 cents and Solana
SOLUSD,
tumbled 10.25% to $96.79.
Cardano
ADAUSD,
and Ethereum
ETHUSD,
fell 9.32% to 55 cents and 7.08% to $2,196.79
Bitcoin
BTCUSD,
rounded out the decreases with a 6.28% decline to $42,263.10.
In crypto-related company news, shares of Coinbase Global Inc.
COIN,
declined 3.56% to $151.30, while MicroStrategy Inc.
MSTR,
fell 6.87% to $638.06. Riot Platforms Inc.
RIOT,
shares shed 7.53% to $14.25, and shares of Marathon Digital Holdings Inc.
MARA,
fell 4.27% to $21.95.
Block Inc.
SQ,
dropped 3.42% to $69.75 and Tesla Inc.
TSLA,
declined 3.51% to $239.70.
PayPal Holdings Inc.
PYPL,
declined 3.38% to $59.39, and Ebang International Holdings Inc.
EBON,
shares fell 5.33% to $12.96. NVIDIA Corp.
NVDA,
sank 0.69% to $478.34, and Advanced Micro Devices Inc.
AMD,
dropped 1.91% to $135.94.
In the fund space, blockchain-focused Amplify Transformational Data Sharing ETF
BLOK,
dropped 2.95% to $28.63. The Bitwise Crypto Industry Innovators ETF
BITQ,
which is focused on pure-play crypto companies, shed 4.59% to $10.81. Grayscale Bitcoin Trust
GBTC,
which tracks the Bitcoin market price, shed 5.29% to $34.90.
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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