Cardano leads way as most big cryptocurrencies post drops

Most of the largest cryptocurrencies were down during morning trading on Thursday, with Cardano
ADAUSD,
-4.85%
seeing the biggest move, falling 9.23% to 45 cents.

Seven additional currencies posted drops Thursday. Uniswap
UNIUSD,
-4.98%
shed 7.35% to $4.35, and Ethereum
ETHUSD,
-3.37%
fell 6.68% to $1,895.43.

Litecoin
LTCUSD,
-3.18%
declined 6.68% to $61.40, while Dogecoin
DOGEUSD,
-1.04%
shed 6.37% to 7 cents. Polkadot
DOTUSD,
+4.67%
fell 1.30% to $8.10.

Ripple
XRPUSD,
+2.96%
and Bitcoin
BTCUSD,
+2.60%
rounded out the decreases for Thursday, dropping 0.68% to 37 cents and 0.61% to $28,142.43, respectively.

On the other hand, Bitcoin Cash
BCHUSD,
+5.96%
posted the only increase among the largest cryptos, rising 3.75% to $191.09.

In crypto-related company news, shares of Coinbase Global Inc.
COIN,
+3.71%
plunged 13.79% to $46.31, while MicroStrategy Inc.
MSTR,
+5.74%
tumbled 12.06% to $147.91. Riot Blockchain Inc.
RIOT,
+5.26%
shares declined 4.68% to $6.52, and shares of Marathon Digital Holdings Inc.
MARA,
+1.50%
declined 9.82% to $9.00.

Overstock.com Inc.
OSTK,
+9.58%
slid 0.68% to $29.13, while Block Inc.
SQ,
+7.27%
fell 3.05% to $69.05 and Tesla Inc.
TSLA,
+1.93%
dropped 4.53% to $700.72.

PayPal Holdings Inc.
PYPL,
+1.17%
fell 2.12% to $73.58, and Ebang International Holdings Inc. Cl A
EBON,
-7.46%
shares dropped 6.99% to 67 cents. NVIDIA Corp.
NVDA,
-0.11%
fell 4.57% to $158.70, and Advanced Micro Devices Inc.
AMD,
-0.22%
fell 2.12% to $84.11.

In the fund space, blockchain-focused Amplify Transformational Data Sharing ETF
BLOK,
-0.02%
shed 4.78% to $20.28. The Bitwise Crypto Industry Innovators ETF
BITQ,
-0.65%,
which is focused on pure-play crypto companies, declined 9.23% to $7.04. Grayscale Bitcoin Trust
GBTC,
-1.78%,
which tracks the Bitcoin market price, fell 6.50% to $17.85.


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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