Largest cryptocurrencies fall as Cardano plunges

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All of the largest cryptocurrencies were down during morning trading on Friday, with Cardano ADAUSD, -1.14% seeing the biggest move, tumbling 12.46% to 46 cents.

Polkadot DOTUSD, -1.80% plunged 11.52% to $7.47, and Uniswap UNIUSD, -1.95% plunged 11.14% to $7.05.

Dogecoin DOGEUSD, -0.64% plunged 11.14% to 7 cents on Friday, while Litecoin LTCUSD, -2.24% tumbled 10.72% to $54.63 and Ripple XRPUSD, -1.55% plunged 11.02% to 34 cents.

Bitcoin Cash BCHUSD, -1.63% and Ethereum ETHUSD, -3.03% fell 10.60% to $119.42 and 9.96% to $1,690.01

Bitcoin BTCUSD, -0.94% rounded out the decreases with an 8.50% decline to $21,427.93.

In crypto-related company news, shares of Coinbase Global Inc. COIN, -11.27% shed 8.03% to $76.77, while MicroStrategy Inc. MSTR, -12.76% fell 9.40% to $293.90. Riot Blockchain Inc. RIOT, -12.44% shares declined 9.24% to $7.52, and shares of Marathon Digital Holdings Inc. MARA, -15.46% plunged 11.76% to $13.76.

Overstock.com Inc. OSTK, -8.07% declined 5.14% to $29.39, while Block Inc. SQ, -6.72% fell 4.98% to $75.75 and Tesla Inc. TSLA, -2.05% shed 2.44% to $886.45.

PayPal Holdings Inc. PYPL, -3.30% fell 2.86% to $97.00, and Ebang International Holdings Inc. Cl A EBON, -5.24% shares fell 6.35% to 51 cents. NVIDIA Corp. NVDA, -4.92% declined 3.76% to $180.67, and Advanced Micro Devices Inc. AMD, -4.47% shed 2.86% to $97.19.

In the fund space, blockchain-focused Amplify Transformational Data Sharing ETF BLOK, -6.26% declined 4.95% to $22.46. The Bitwise Crypto Industry Innovators ETF BITQ, -9.59%, which is focused on pure-play crypto companies, declined 7.90% to $8.26. Grayscale Bitcoin Trust GBTC, which tracks the Bitcoin market price, declined 8.22% to $13.29.

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.

Disclaimer: The views expressed are solely those of the author and do not represent the official position of Followme. Followme does not take responsibility for the accuracy, completeness, or reliability of the information provided and is not liable for any actions taken based on the content, unless explicitly stated in writing.

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