Largest cryptocurrencies drop on Dogecoin, Cardano declines

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All of the largest cryptocurrencies were down during morning trading on Wednesday, with Dogecoin DOGEUSD, -3.23% seeing the biggest move, tumbling 6.04% to 18 cents.

Cardano ADAUSD, +3.38% fell 3.84% to $1.22, and Polkadot DOTUSD, +4.48% dropped 3.66% to $25.18.

Uniswap UNIUSD, +3.45% shed 3.66% to $14.53 on Wednesday, while Bitcoin Cash BCHUSD, +2.55% shed 2.66% to $425.18 and Litecoin LTCUSD, +2.59% shed 2.67% to $146.40.

Ripple XRPUSD, +2.08% and Ethereum ETHUSD, +5.10% fell 2.58% to 80 cents and 2.03% to $3,775.90

Bitcoin BTCUSD, +1.68% rounded out the decreases with a 1.86% decline to $47,383.44.

In crypto-related company news, shares of Coinbase Global Inc. COIN, +0.95% dropped 2.71% to $248.93, while MicroStrategy Inc. MSTR, +3.14% declined 1.80% to $569.92. Riot Blockchain Inc. RIOT, +3.77% shares fell 4.93% to $23.70, and shares of Marathon Digital Holdings Inc. MARA, +3.75% declined 3.54% to $36.01. Inc. OSTK, +1.06% shed 3.23% to $65.05, while Block Inc. SQ, +1.80% fell 3.70% to $164.41 and Tesla Inc. TSLA, +1.82% inched down 0.38% to $954.89.

PayPal Holdings Inc. PYPL, +2.07% sank 0.99% to $184.95, and Ebang International Holdings Inc. Cl A EBON, -8.05% shares fell 8.39% to $1.37. NVIDIA Corp. NVDA, +7.49% sank 0.38% to $282.30, and Advanced Micro Devices Inc. AMD, +8.04% shed 0.99% to $133.95.

In the fund space, blockchain-focused Amplify Transformational Data Sharing ETF BLOK, +3.12% dropped 1.26% to $45.63. The Bitwise Crypto Industry Innovators ETF BITQ, +3.40%, which is focused on pure-play crypto companies, dropped 1.66% to $21.96. Grayscale Bitcoin Trust GBTC, +2.62%, which tracks the Bitcoin market price, declined 1.69% to $36.08.

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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