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Crypto Update

Aug. 17, 2022, 10:01 a.m. EDT

Cardano leads way as largest cryptocurrencies decline

MarketWatch Automation

All of the largest cryptocurrencies were down during morning trading on Wednesday, with Cardano (KRAKEN:ADAUSD) seeing the biggest move, tumbling 5.55% to 54 cents.

Polkadot (KRAKEN:DOTUSD) shed 5.29% to $8.42, and Dogecoin (KRAKEN:DOGEUSD) fell 4.14% to 8 cents.

Uniswap (KRAKEN:UNIUSD) fell 4.14% to $8.05 on Wednesday, while Litecoin (KRAKEN:LTCUSD) shed 2.29% to $60.05 and Ethereum (KRAKEN:ETHUSD) fell 2.75% to $1,833.23.

Bitcoin Cash (KRAKEN:BCHUSD) and Bitcoin (COINDESK:BTCUSD) fell 2.29% to $134.15 and 2.22% to $23,440.42

Ripple (KRAKEN:XRPUSD) posted the smallest drop with a 1.73% decline to 37 cents.

In crypto-related company news, shares of Coinbase Global Inc. (NAS:COIN) shed 5.01% to $85.86, while MicroStrategy Inc. (NAS:MSTR) shed 3.82% to $329.54. Riot Blockchain Inc. (NAS:RIOT) shares declined 4.58% to $8.75, and shares of Marathon Digital Holdings Inc. (NAS:MARA) shed 3.95% to $16.21.

Overstock.com Inc. (NAS:OSTK) shed 1.20% to $33.72, while Block Inc. (NYS:SQ) dropped 3.99% to $82.46 and Tesla Inc. (NAS:TSLA) slid 0.81% to $912.25.

PayPal Holdings Inc. (NAS:PYPL) declined 1.98% to $100.06, and Ebang International Holdings Inc. Cl A (NAS:EBON) shares dropped 1.97% to 55 cents. NVIDIA Corp. (NAS:NVDA) shed 2.27% to $184.51, and Advanced Micro Devices Inc. (NAS:AMD) dropped 1.98% to $97.80.

In the fund space, blockchain-focused Amplify Transformational Data Sharing ETF (PSE:BLOK) fell 2.30% to $24.19. The Bitwise Crypto Industry Innovators ETF (PSE:BITQ) , which is focused on pure-play crypto companies, fell 4.30% to $9.17. Grayscale Bitcoin Trust (OTC:GBTC) , which tracks the Bitcoin market price, fell 2.54% to $14.56.

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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