Ripple

Most large cryptocurrencies decline on Uniswap, Ripple drops

Most of the largest cryptocurrencies were down during morning trading on Wednesday, with Uniswap
UNIUSD
seeing the biggest change, dropping 5.11% to $5.96.

Seven additional currencies posted drops Wednesday. Ripple
XRPUSD
fell 4.44% to 37 cents, and Polkadot
DOTUSD
fell 3.64% to $5.69.

Ethereum
ETHUSD
declined 3.64% to $1,206.20, while Cardano
ADAUSD
declined 2.55% to 33 cents. Bitcoin
BTCUSD
declined 2.43% to $16,470.67.

Dogecoin
DOGEUSD
and Litecoin
LTCUSD
rounded out the decreases for Wednesday, dropping 1.61% to 8 cents and 0.93% to $57.26, respectively.

On the other hand, Bitcoin Cash
BCHUSD
posted the only increase among the largest cryptos, rising 2.31% to $105.85.

In crypto-related company news, shares of Coinbase Global Inc.
COIN
shed 8.14% to $51.01, while MicroStrategy Inc.
MSTR
declined 5.34% to $162.37. Riot Blockchain Inc.
RIOT
shares declined 6.30% to $4.89, and shares of Marathon Digital Holdings Inc.
MARA
dropped 5.80% to $8.95.

Overstock.com Inc.
OSTK
declined 4.07% to $24.40, while Block Inc.
SQ
dropped 2.47% to $71.56 and Tesla Inc.
TSLA
declined 2.80% to $188.97.

PayPal Holdings Inc.
PYPL
dropped 2.62% to $87.51, and Ebang International Holdings Inc. Cl A
EBON
shares shed 2.52% to 28 cents. NVIDIA Corp.
NVDA
dropped 3.23% to $161.27, and Advanced Micro Devices Inc.
AMD
declined 2.62% to $73.53.

In the fund space, blockchain-focused Amplify Transformational Data Sharing ETF
BLOK
declined 2.56% to $16.94. The Bitwise Crypto Industry Innovators ETF
BITQ,
which is focused on pure-play crypto companies, dropped 4.85% to $4.76. Grayscale Bitcoin Trust
GBTC,
which tracks the Bitcoin market price, declined 4.65% to $9.23.


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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