Cardano leads way as most big cryptocurrencies post drops
Most of the largest cryptocurrencies were down during morning trading on Wednesday, with Cardano
seeing the biggest move, declining 7.99% to $1.62.
On the other hand, Bitcoin Cash
posted the only increase among the largest cryptos, rising 1.87% to $578.25.
In crypto-related company news, shares of Coinbase Global Inc.
declined 1.81% to $311.47, while MicroStrategy Inc.
rose 0.05% to $697.09. Riot Blockchain Inc.
shares declined 1.91% to $35.44, and shares of Marathon Digital Holdings Inc.
dropped 2.23% to $50.96.
PayPal Holdings Inc.
inched down 0.20% to $187.67, and Ebang International Holdings Inc. Cl A
shares shed 1.86% to $1.58. NVIDIA Corp.
slipped 0.52% to $315.80, and Advanced Micro Devices Inc.
rose 0.20% to $151.72.
In the fund space, the Bitwise Crypto Industry Innovators ETF
which is focused on pure-play crypto companies, dropped 1.86% to $29.34. Blockchain-focused Amplify Transformational Data Sharing ETF
shed 1.98% to $55.52. Grayscale Bitcoin Trust
which tracks the Bitcoin market price, shed 3.48% to $45.25.