Cardano leads way as largest cryptocurrencies decrease

All of the largest cryptocurrencies were down during morning trading on Friday, with Cardano
ADAUSD,
-2.76%
seeing the biggest move, declining 4.40% to 77 cents.

Uniswap
UNIUSD,
-1.99%
dropped 4.34% to $6.92, and Polkadot
DOTUSD,
-3.00%
shed 4.31% to $13.95.

Dogecoin
DOGEUSD,
-2.96%
fell 4.31% to 12 cents on Friday, while Bitcoin Cash
BCHUSD,
-2.29%
declined 4.12% to $266.03 and Ethereum
ETHUSD,
-3.05%
dropped 4.14% to $2,640.37.

Litecoin
LTCUSD,
-1.86%
and Bitcoin
BTCUSD,
-1.43%
fell 3.26% to $93.80 and 2.03% to $35,692.77

Ripple
XRPUSD,
-0.18%
rounded out the decreases with a 1.18% decline to 59 cents.

In crypto-related company news, shares of Coinbase Global Inc.
COIN,
-7.91%
plunged 10.39% to $102.38, while MicroStrategy Inc.
MSTR,
-6.83%
dropped 9.97% to $283.15. Riot Blockchain Inc.
RIOT,
-4.31%
shares shed 7.95% to $9.38, and shares of Marathon Digital Holdings Inc.
MARA,
-4.65%
fell 8.05% to $14.62.

Overstock.com Inc.
OSTK,
-3.72%
fell 5.63% to $34.38, while Block Inc.
SQ,
-4.71%
dropped 6.86% to $89.00 and Tesla Inc.
TSLA,
-0.52%
dropped 2.27% to $853.49.

PayPal Holdings Inc.
PYPL,
-3.70%
declined 5.01% to $81.15, and Ebang International Holdings Inc. Cl A
EBON,
-0.21%
shares dropped 3.90% to 83 cents. NVIDIA Corp.
NVDA,
-0.58%
declined 2.77% to $183.22, and Advanced Micro Devices Inc.
AMD,
+2.30%
rose 5.01% to $94.47.

In the fund space, blockchain-focused Amplify Transformational Data Sharing ETF
BLOK,
-2.32%
shed 3.89% to $25.45. The Bitwise Crypto Industry Innovators ETF
BITQ,
-3.10%,
which is focused on pure-play crypto companies, shed 5.83% to $10.83. Grayscale Bitcoin Trust
GBTC,
-2.48%,
which tracks the Bitcoin market price, shed 3.24% to $24.21.


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.


Be the first to comment

Leave a Reply

Your email address will not be published.


*