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Bitcoin Cash leads way as largest cryptocurrencies decline

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All of the largest cryptocurrencies were down during morning trading on Wednesday, with Bitcoin Cash BCHUSD seeing the biggest move, declining 2.74% to $589.04.

Litecoin LTCUSD declined 2.55% to $227.56, and Cardano ADAUSD declined 2.24% to $1.86.

Ethereum ETHUSD shed 2.24% to $4,176.85 on Wednesday, while Dogecoin DOGEUSD fell 1.48% to 24 cents and Bitcoin BTCUSD declined 1.51% to $59,645.26.

Uniswap UNIUSD and Polkadot DOTUSD fell 1.41% to $21.59 and 1.29% to $40.85

Ripple XRPUSD posted the smallest drop with a 1.00% decline to $1.09.

In crypto-related company news, shares of Coinbase Global Inc. COIN slid 0.93% to $338.93, while MicroStrategy Inc. MSTR inched down 0.79% to $746.10. Riot Blockchain Inc. RIOT shares fell 1.79% to $36.24, and shares of Marathon Digital Holdings Inc. MARA fell 3.29% to $53.55.

Overstock.com Inc. OSTK increased 1.73% to $110.17, while Square Inc. Cl A SQ climbed 0.11% to $238.73 and Tesla Inc. TSLA rallied 1.85% to $1,074.24.

PayPal Holdings Inc. PYPL shed 3.48% to $208.16, and Ebang International Holdings Inc. Cl A EBON shares dropped 1.03% to $1.92. NVIDIA Corp. NVDA declined 1.50% to $297.51, and Advanced Micro Devices Inc. AMD dropped 3.48% to $150.47.

In the fund space, blockchain-focused Amplify Transformational Data Sharing ETF BLOK slipped 0.62% to $58.84. The Bitwise Crypto Industry Innovators ETF BITQ, which is focused on pure-play crypto companies, declined 1.13% to $31.35. Grayscale Bitcoin Trust GBTC, which tracks the Bitcoin market price, rose 0.64% to $47.37.

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.

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