Largest cryptocurrencies drop on Cardano, Polkadot declines

All of the largest cryptocurrencies were down during morning trading on Thursday, with Cardano
ADAUSD
seeing the biggest move, tumbling 3.20% to 84 cents.

Polkadot
DOTUSD
fell 3.19% to $15.64, and Litecoin
LTCUSD
shed 2.61% to $103.75.

Ripple
XRPUSD
shed 2.61% to 63 cents on Thursday, while Dogecoin
DOGEUSD
shed 1.80% to 13 cents and Bitcoin
BTCUSD
declined 1.87% to $39,036.74.

Ethereum
ETHUSD
and Bitcoin Cash
BCHUSD
fell 1.69% to $2,893.61 and 1.21% to $295.00

Uniswap
UNIUSD
rounded out the decreases with a 0.40% decline to $7.79.

In crypto-related company news, shares of Coinbase Global Inc.
COIN
declined 8.96% to $118.49, while MicroStrategy Inc.
MSTR
declined 5.41% to $346.61. Riot Blockchain Inc.
RIOT
shares fell 6.57% to $10.81, and shares of Marathon Digital Holdings Inc.
MARA
shed 5.57% to $16.77.

Overstock.com Inc.
OSTK
dropped 8.62% to $35.73, while Block Inc.
SQ
fell 7.41% to $98.88 and Tesla Inc.
TSLA
fell 3.13% to $922.78.

PayPal Holdings Inc.
PYPL
dropped 5.67% to $87.46, and Ebang International Holdings Inc. Cl A
EBON
shares declined 3.65% to 98 cents. NVIDIA Corp.
NVDA
declined 4.86% to $193.47, and Advanced Micro Devices Inc.
AMD
fell 5.67% to $95.62.

In the fund space, blockchain-focused Amplify Transformational Data Sharing ETF
BLOK
dropped 3.41% to $27.43. The Bitwise Crypto Industry Innovators ETF
BITQ,
which is focused on pure-play crypto companies, fell 5.05% to $12.03. Grayscale Bitcoin Trust
GBTC,
which tracks the Bitcoin market price, declined 2.41% to $27.09.


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.