Largest cryptocurrencies drop on Cardano, Polkadot declines

All of the largest cryptocurrencies were down during morning trading on Thursday, with Cardano
ADAUSD,
-4.57%

seeing the biggest move, tumbling 3.20% to 84 cents.

Polkadot
DOTUSD,
-6.43%

fell 3.19% to $15.64, and Litecoin
LTCUSD,
-4.80%

shed 2.61% to $103.75.

Ripple
XRPUSD,
-3.53%

shed 2.61% to 63 cents on Thursday, while Dogecoin
DOGEUSD,
-3.19%

shed 1.80% to 13 cents and Bitcoin
BTCUSD,
-3.50%

declined 1.87% to $39,036.74.

Ethereum
ETHUSD,
-3.00%

and Bitcoin Cash
BCHUSD,
-2.42%

fell 1.69% to $2,893.61 and 1.21% to $295.00

Uniswap
UNIUSD,
-2.76%

rounded out the decreases with a 0.40% decline to $7.79.

In crypto-related company news, shares of Coinbase Global Inc.
COIN,
-11.46%

declined 8.96% to $118.49, while MicroStrategy Inc.
MSTR,
-9.28%

declined 5.41% to $346.61. Riot Blockchain Inc.
RIOT,
-9.90%

shares fell 6.57% to $10.81, and shares of Marathon Digital Holdings Inc.
MARA,
-9.12%

shed 5.57% to $16.77.

Overstock.com Inc.
OSTK,
-8.70%

dropped 8.62% to $35.73, while Block Inc.
SQ,
-9.07%

fell 7.41% to $98.88 and Tesla Inc.
TSLA,
-6.05%

fell 3.13% to $922.78.

PayPal Holdings Inc.
PYPL,
-6.42%

dropped 5.67% to $87.46, and Ebang International Holdings Inc. Cl A
EBON,
-5.99%

shares declined 3.65% to 98 cents. NVIDIA Corp.
NVDA,
-7.12%

declined 4.86% to $193.47, and Advanced Micro Devices Inc.
AMD,
-6.17%

fell 5.67% to $95.62.

In the fund space, blockchain-focused Amplify Transformational Data Sharing ETF
BLOK,
-5.21%

dropped 3.41% to $27.43. The Bitwise Crypto Industry Innovators ETF
BITQ,
-8.08%
,
which is focused on pure-play crypto companies, fell 5.05% to $12.03. Grayscale Bitcoin Trust
GBTC,
-5.01%
,
which tracks the Bitcoin market price, declined 2.41% to $27.09.


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.

This news is republished from another source. You can check the original article here.

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