Most large cryptocurrencies decline on Uniswap, Dogecoin drops

Most of the largest cryptocurrencies were down during morning trading on Wednesday, with Uniswap
UNIUSD,
-2.85%

seeing the biggest move, declining 3.38% to $6.52.

Seven additional currencies posted reductions Wednesday. Dogecoin
DOGEUSD,
-3.12%

shed 3.35% to 6 cents, and Litecoin
LTCUSD,
-3.42%

fell 3.19% to $53.75.

Polkadot
DOTUSD,
-3.14%

dropped 3.19% to $6.31, while Ethereum
ETHUSD,
-2.78%

declined 2.83% to $1,323.54. Cardano
ADAUSD,
-2.42%

dropped 2.50% to 43 cents.

Bitcoin
BTCUSD,
-2.28%

and Bitcoin Cash
BCHUSD,
-1.88%

rounded out the decreases for Wednesday, dropping 2.01% to $19,941.91 and 1.75% to $119.94, respectively.

On the other hand, Ripple
XRPUSD,
+0.74%

posted the only increase among the largest cryptos, rising 0.10% to 48 cents.

In crypto-related company news, shares of Coinbase Global Inc.
COIN,
-5.75%

shed 3.95% to $71.56, while MicroStrategy Inc.
MSTR,
-6.39%

fell 3.71% to $239.50. Riot Blockchain Inc.
RIOT,
-7.64%

shares declined 4.53% to $7.25, and shares of Marathon Digital Holdings Inc.
MARA,
-5.43%

shed 4.58% to $12.29.

Overstock.com Inc.
OSTK,
-5.64%

declined 3.81% to $25.75, while Block Inc.
SQ,
-3.81%

dropped 2.66% to $60.75 and Tesla Inc.
TSLA,
-5.90%

declined 3.59% to $240.49.

PayPal Holdings Inc.
PYPL,
-1.79%

sank 0.26% to $92.54, and Ebang International Holdings Inc. Cl A
EBON,
+0.28%

shares declined 1.71% to 42 cents. NVIDIA Corp.
NVDA,
-3.58%

declined 3.03% to $127.68, and Advanced Micro Devices Inc.
AMD,
-4.01%

fell 0.26% to $65.19.

In the fund space, blockchain-focused Amplify Transformational Data Sharing ETF
BLOK,
-3.10%

declined 2.07% to $19.62. The Bitwise Crypto Industry Innovators ETF
BITQ,
-4.64%
,
which is focused on pure-play crypto companies, dropped 3.33% to $6.87. Grayscale Bitcoin Trust
GBTC,
which tracks the Bitcoin market price, fell 2.40% to $11.81.


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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