Large cryptocurrencies fall as Cardano drops

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All large cryptocurrencies were down during morning trading on Wednesday, with Cardano
ADAUSD,
-1.33%
seeing the biggest change, declining 4.52% to 50 cents.

Uniswap
UNIUSD,
+0.33%
fell 4.33% to $6.03, and Solana
SOLUSD,
-3.02%
fell 4.27% to $99.83.

Polkadot
DOTUSD,
-0.04%
dropped 4.27% to $6.71 on Wednesday, while Dogecoin
DOGEUSD,
-0.31%
declined 2.71% to 8 cents and Ethereum
ETHUSD,
-0.96%
fell 3.06% to $2,307.60.

Polygon
MATICUSD,
-1.43%
and Bitcoin
BTCUSD,
-0.89%
fell 1.85% to 80 cents and 1.55% to $42,871.00

Ripple
XRPUSD,
-1.31%
posted the smallest drop with a 1.38% decline to 50 cents.

In crypto-related company news, shares of Coinbase Global Inc.
COIN,
-2.00%
rose 0.65% to $131.67, while MicroStrategy Inc.
MSTR,
-3.52%
fell 1.35% to $512.51. Riot Platforms Inc.
RIOT,
-3.88%
shares fell 1.81% to $11.14, and shares of Marathon Digital Holdings Inc.
MARA,
-2.10%
shed 2.13% to $17.73.

Block Inc.
SQ,
-4.71%
shed 1.51% to $67.19 and Tesla Inc.
TSLA,
-2.24%
dropped 1.23% to $189.24.

PayPal Holdings Inc.
PYPL,
-3.66%
shed 1.64% to $62.64, and Ebang International Holdings Inc.
EBON,
-2.60%
shares declined 3.15% to $8.95. NVIDIA Corp.
NVDA,
-1.99%
dropped 1.74% to $616.79, and Advanced Micro Devices Inc.
AMD,
-2.54%
dropped 2.57% to $167.65.

In the fund space, blockchain-focused Amplify Transformational Data Sharing ETF
BLOK,
-2.00%
slipped 0.73% to $27.25. The Bitwise Crypto Industry Innovators ETF
BITQ,
-3.67%,
which is focused on pure-play crypto companies, dropped 2.20% to $9.06.


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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