Largest cryptocurrencies drop on Bitcoin Cash, Ethereum declines

All of the largest cryptocurrencies were down during morning trading on Thursday, with Bitcoin Cash
BCHUSD
seeing the biggest move, dropping 6.12% to $105.27.

Ethereum
ETHUSD
shed 5.85% to $1,222.65, and Litecoin
LTCUSD
shed 5.75% to $49.20.

Cardano
ADAUSD
fell 5.75% to 37 cents on Thursday, while Dogecoin
DOGEUSD
declined 4.51% to 6 cents and Polkadot
DOTUSD
shed 4.57% to $5.88.

Ripple
XRPUSD
and Uniswap
UNIUSD
fell 3.99% to 47 cents and 3.92% to $5.86

Bitcoin
BTCUSD
posted the smallest drop with a 3.84% decline to $18,413.27.

In crypto-related company news, shares of Coinbase Global Inc.
COIN
tumbled 10.45% to $62.64, while MicroStrategy Inc.
MSTR
fell 7.29% to $202.45. Riot Blockchain Inc.
RIOT
shares dropped 7.17% to $5.70, and shares of Marathon Digital Holdings Inc.
MARA
shed 7.39% to $9.65.

Overstock.com Inc.
OSTK
shed 6.72% to $24.60, while Block Inc.
SQ
dropped 6.09% to $52.72 and Tesla Inc.
TSLA
fell 4.36% to $207.76.

PayPal Holdings Inc.
PYPL
dropped 3.05% to $81.25, and Ebang International Holdings Inc. Cl A
EBON
shares shed 2.63% to 37 cents. NVIDIA Corp.
NVDA
declined 3.73% to $110.71, and Advanced Micro Devices Inc.
AMD
shed 3.05% to $55.78.

In the fund space, blockchain-focused Amplify Transformational Data Sharing ETF
BLOK
declined 3.39% to $17.67. The Bitwise Crypto Industry Innovators ETF
BITQ,
which is focused on pure-play crypto companies, fell 4.95% to $5.79. Grayscale Bitcoin Trust
GBTC,
which tracks the Bitcoin market price, dropped 4.55% to $10.70.


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.