Most large cryptocurrencies were down during morning trading on Wednesday, with Dogecoin
DOGEUSD,
-2.71%
seeing the biggest move, declining 2.14% to 7 cents.
Seven additional currencies posted drops Wednesday. Polkadot
DOTUSD,
-3.67%
dropped 1.77% to $4.37, and Cardano
ADAUSD,
+0.87%
fell 1.54% to 29 cents.
Uniswap
UNIUSD,
-3.26%
shed 1.54% to $4.08, while Ethereum
ETHUSD,
-3.03%
inched down 0.58% to $1,804.17. Polygon
MATICUSD,
-2.27%
slid 0.27% to 63 cents.
Ripple
XRPUSD,
-2.33%
and Bitcoin
BTCUSD,
-1.97%
rounded out the decreases for Wednesday, dropping 0.05% to 60 cents and 0.03% to $34,633.90, respectively.
On the other hand, Solana
SOLUSD,
-6.71%
posted the only increase among the largest cryptos, rising 6.89% to $39.71.
In crypto-related company news, shares of Coinbase Global Inc.
COIN,
+6.95%
rose 0.31% to $77.36, while MicroStrategy Inc.
MSTR,
+2.31%
shed 1.83% to $415.65. Riot Platforms Inc.
RIOT,
+6.66%
shares were flat at $9.78, and shares of Marathon Digital Holdings Inc.
MARA,
+6.05%
dropped 1.31% to $8.70.
Overstock.com Inc.
OSTK,
+4.13%
inched down 0.51% to $15.52, while Block Inc.
SQ,
+6.03%
declined 1.59% to $39.61 and Tesla Inc.
TSLA,
+5.45%
rose 0.83% to $202.51.
PayPal Holdings Inc.
PYPL,
+5.95%
climbed 0.06% to $51.83, and Ebang International Holdings Inc.
EBON,
+1.94%
shares were flat at $6.90. NVIDIA Corp.
NVDA,
+2.23%
increased 1.19% to $412.67, and Advanced Micro Devices Inc.
AMD,
-0.09%
increased 4.16% to $102.60.
In the fund space, blockchain-focused Amplify Transformational Data Sharing ETF
BLOK,
+2.78%
slid 0.13% to $20.58. The Bitwise Crypto Industry Innovators ETF
BITQ,
+4.14%,
which is focused on pure-play crypto companies, dropped 1.15% to $6.86. Grayscale Bitcoin Trust
GBTC,
+0.65%,
which tracks the Bitcoin market price, rose 0.49% to $26.89.
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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