Cardano leads way as most big cryptocurrencies post drops

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Most of the largest cryptocurrencies were down during morning trading on Thursday, with Cardano ADAUSD,
-8.01%
seeing the biggest move, falling 9.23% to 45 cents.

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Seven additional currencies posted drops Thursday. Uniswap UNIUSD,
-7.05%
shed 7.35% to $4.35, and Ethereum ETHUSD,
-5.46%
fell 6.68% to $1,895.43.

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Litecoin LTCUSD,
-5.84%
declined 6.68% to $61.40, while Dogecoin DOGEUSD,
-5.54%
shed 6.37% to 7 cents. Polkadot DOTUSD,
+0.55%
fell 1.30% to $8.10.

Ripple XRPUSD,
-0.25%
and Bitcoin BTCUSD,
-0.32%
rounded out the decreases for Thursday, dropping 0.68% to 37 cents and 0.61% to $28,142.43, respectively.

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On the other hand, Bitcoin Cash BCHUSD,
+4.33%
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,
-4.80%
plunged 13.79% to $46.31, while MicroStrategy Inc. MSTR,
-6.44%
tumbled 12.06% to $147.91. Riot Blockchain Inc. RIOT,
-0.29%
shares declined 4.68% to $6.52, and shares of Marathon Digital Holdings Inc. MARA,
-3.71%
declined 9.82% to $9.00.

Overstock.com Inc. OSTK,
+4.84%
slid 0.68% to $29.13, while Block Inc. SQ,
+2.62%
fell 3.05% to $69.05 and Tesla Inc. TSLA,
-1.40%
dropped 4.53% to $700.72.

PayPal Holdings Inc. PYPL,
+0.36%
fell 2.12% to $73.58, and Ebang International Holdings Inc. Cl A EBON,
-4.72%
shares dropped 6.99% to 67 cents. NVIDIA Corp. NVDA,
-2.53%
fell 4.57% to $158.70, and Advanced Micro Devices Inc. AMD,
-2.43%
fell 2.12% to $84.11.

In the fund space, blockchain-focused Amplify Transformational Data Sharing ETF BLOK,
-2.35%
shed 4.78% to $20.28. The Bitwise Crypto Industry Innovators ETF BITQ,
-5.16%,
which is focused on pure-play crypto companies, declined 9.23% to $7.04. Grayscale Bitcoin Trust GBTC,
-6.65%,
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 Insightsan automation technology provider, using data from Dow Jones, FactSet and Kraken, See our market data terms of use.

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Credit: www.marketwatch.com /

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