Most big cryptocurrencies decrease as Cardano declines

January 11, 2023 Brazen Crypto Team Cardano 0

Most of the largest cryptocurrencies were down during morning trading on Wednesday, with Cardano
ADAUSD,
-3.90%
seeing the biggest change, shedding 3.33% to 31 cents.

Six additional currencies posted reductions Wednesday. Uniswap
UNIUSD,
-2.34%
dropped 1.76% to $5.70, and Dogecoin
DOGEUSD,
-1.71%
fell 1.23% to 8 cents.

Polkadot
DOTUSD,
-1.31%
fell 1.23% to $4.89, while Ethereum
ETHUSD,
-0.73%
inched down 0.53% to $1,332.66. Bitcoin
BTCUSD,
-0.52%
inched down 0.41% to $17,403.37.

Bitcoin Cash
BCHUSD,
-0.67%,
which posted the smallest decrease, slid 0.22% to $107.22

On the other hand, two cryptos posted increases, with Ripple
XRPUSD,
+5.17%
seeing the largest rise at 5.67% to 37 cents. Litecoin
LTCUSD,
-0.33%
climbed 0.20% to $81.70.

In crypto-related company news, shares of Coinbase Global Inc.
COIN,
-1.94%
shed 1.43% to $42.61, while MicroStrategy Inc.
MSTR,
+1.72%
increased 1.09% to $192.07. Riot Platforms Inc.
RIOT,
-6.03%
shares increased 1.12% to $5.70, and shares of Marathon Digital Holdings Inc.
MARA,
-5.04%
rallied 3.97% to $5.98.

Overstock.com Inc.
OSTK,
+2.38%
climbed 1.84% to $20.53, while Block Inc.
SQ,
+1.64%
rallied 1.27% to $70.92 and Tesla Inc.
TSLA,
+4.58%
rose 2.89% to $122.28.

PayPal Holdings Inc.
PYPL,
+0.18%
rose 0.15% to $78.04, and Ebang International Holdings Inc.
EBON,
-0.51%
shares climbed 6.02% to $9.33. NVIDIA Corp.
NVDA,
-1.07%
declined 1.30% to $157.02, and Advanced Micro Devices Inc.
AMD,
-0.32%
rose 0.15% to $68.07.

In the fund space, blockchain-focused Amplify Transformational Data Sharing ETF
BLOK,
+0.66%
increased 1.44% to $16.86. The Bitwise Crypto Industry Innovators ETF
BITQ,
-1.52%,
which is focused on pure-play crypto companies, rose 0.85% to $4.38. Grayscale Bitcoin Trust
GBTC,
which tracks the Bitcoin market price, shed 2.02% to $9.68.


Editor’s Note: This story was auto-generated by Automated Insights, an automation technology provider, using data from Dow Jones and FactSet. See our market data terms of use.