Crypto Update

Large cryptocurrencies fall as Cardano drops

Referenced Symbols

All large cryptocurrencies were down during morning trading on Wednesday, with Cardano ADAUSD, +2.07% seeing the biggest change, declining 4.52% to 50 cents.

Uniswap UNIUSD, +1.37% fell 4.33% to $6.03, and Solana SOLUSD, +3.21% fell 4.27% to $99.83.

Polkadot DOTUSD, +2.03% dropped 4.27% to $6.71 on Wednesday, while Dogecoin DOGEUSD, +0.21% declined 2.71% to 8 cents and Ethereum ETHUSD, +0.25% fell 3.06% to $2,307.60.

Polygon MATICUSD, +0.20% and Bitcoin BTCUSD, -0.35% fell 1.85% to 80 cents and 1.55% to $42,871.00

Ripple XRPUSD, -1.03% posted the smallest drop with a 1.38% decline to 50 cents.

In crypto-related company news, shares of Coinbase Global Inc. COIN, +0.59% rose 0.65% to $131.67, while MicroStrategy Inc. MSTR, +0.45% fell 1.35% to $512.51. Riot Platforms Inc. RIOT, +3.67% shares fell 1.81% to $11.14, and shares of Marathon Digital Holdings Inc. MARA, +4.91% shed 2.13% to $17.73.

Block Inc. SQ, +2.55% shed 1.51% to $67.19 and Tesla Inc. TSLA, +0.84% dropped 1.23% to $189.24.

PayPal Holdings Inc. PYPL, +1.09% shed 1.64% to $62.64, and Ebang International Holdings Inc. EBON, -1.11% shares declined 3.15% to $8.95. NVIDIA Corp. NVDA, +2.44% dropped 1.74% to $616.79, and Advanced Micro Devices Inc. AMD, +1.66% dropped 2.57% to $167.65.

In the fund space, blockchain-focused Amplify Transformational Data Sharing ETF BLOK, +1.23% slipped 0.73% to $27.25. The Bitwise Crypto Industry Innovators ETF BITQ, +1.46%, which is focused on pure-play crypto companies, dropped 2.20% to $9.06.

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.