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Bitcoin leads slumps as large cryptocurrencies start mixed

Large cryptocurrencies were mixed during morning trading on Wednesday, with Ripple
XRPUSD,
-3.93%
seeing the biggest move, rising 3.33% to 66 cents.

Bitcoin
BTCUSD,
-0.29%
led the decreases with a 0.40% drop to $29,862.40.

Five other cryptocurrencies saw increases Wednesday. Dogecoin
DOGEUSD,
+1.41%
rallied 1.27% to 8 cents, and Solana
SOLUSD,
+0.82%
rose 0.90% to $24.70.

Polygon
MATICUSD,
+0.01%
rose 0.46% to 69 cents, and Uniswap
UNIUSD,
+0.31%
climbed 0.39% to $6.13.

Polkadot
DOTUSD,
-0.84%,
which saw the smallest increase, rose 0.20% to $5.07.

In addition to Bitcoin, two other currencies posted decreases. Ethereum
ETHUSD,
-0.18%
slipped 0.21% to $1,859.50, and Cardano
ADAUSD,
-1.03%
inched down 0.07% to 30 cents.

In crypto-related company news, shares of Coinbase Global Inc.
COIN,
-0.50%
slipped 0.02% to $88.02, while MicroStrategy Inc.
MSTR,
-0.12%
climbed 0.50% to $391.44. Riot Platforms Inc.
RIOT,
-8.08%
shares sank 0.56% to $17.00, and shares of Marathon Digital Holdings Inc.
MARA,
-5.87%
rose 2.70% to $16.15.

Overstock.com Inc.
OSTK,
+1.23%
sank 0.86% to $32.22, while Block Inc.
SQ,
-0.33%
rallied 2.66% to $64.04 and Tesla Inc.
TSLA,
+1.39%
fell 1.16% to $246.80.

PayPal Holdings Inc.
PYPL,
+1.21%
slipped 0.70% to $62.75, and Ebang International Holdings Inc.
EBON,
-2.76%
shares inched down 0.87% to $8.38. NVIDIA Corp.
NVDA,
+0.13%
shed 2.76% to $434.30, and Advanced Micro Devices Inc.
AMD,
+0.14%
declined 1.77% to $111.22.

In the fund space, blockchain-focused Amplify Transformational Data Sharing ETF
BLOK,
-0.13%
slid 0.18% to $24.30. The Bitwise Crypto Industry Innovators ETF
BITQ,
-0.40%,
which is focused on pure-play crypto companies, slipped 0.22% to $9.06. Grayscale Bitcoin Trust
GBTC,
+1.02%,
which tracks the Bitcoin market price, climbed 0.40% to $20.17.


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.

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