Ethereum leads way as most big cryptocurrencies post drops

Most of the largest cryptocurrencies were down during morning trading on Thursday, with Ethereum
ETHUSD,
-2.99%

seeing the biggest move, falling 2.53% to $2,888.77.

Seven additional currencies posted drops Thursday. Cardano
ADAUSD,
-3.13%

fell 2.49% to 92 cents, and Bitcoin Cash
BCHUSD,
-2.32%

shed 2.13% to $314.08.

Polkadot
DOTUSD,
-1.97%

declined 2.13% to $18.38, while Uniswap
UNIUSD,
-2.47%

declined 1.49% to $9.93. Dogecoin
DOGEUSD,
-1.67%

dropped 1.35% to 13 cents.

Bitcoin
BTCUSD,
-1.54%

and Ripple
XRPUSD,
-0.87%

rounded out the decreases for Thursday, dropping 1.14% to $43,447.34 and 0.93% to 77 cents, respectively.

On the other hand, Litecoin
LTCUSD,
+0.97%

posted the only increase among the largest cryptos, rising 0.83% to $111.90.

In crypto-related company news, shares of Coinbase Global Inc.
COIN,
-4.09%

fell 3.60% to $187.50, while MicroStrategy Inc.
MSTR,
-3.82%

fell 3.11% to $445.00. Riot Blockchain Inc.
RIOT,
-4.06%

shares fell 2.57% to $17.28, and shares of Marathon Digital Holdings Inc.
MARA,
-4.13%

dropped 2.64% to $26.17.

Overstock.com Inc.
OSTK,
-2.09%

slid 0.46% to $55.71, while Block Inc.
SQ,
-4.39%

declined 2.91% to $120.64 and Tesla Inc.
TSLA,
-1.69%

fell 1.21% to $869.25.

PayPal Holdings Inc.
PYPL,
-1.45%

slid 0.68% to $105.89, and Ebang International Holdings Inc. Cl A
EBON,
-3.10%

shares shed 2.33% to $1.26. NVIDIA Corp.
NVDA,
-0.46%

inched down 0.21% to $241.68, and Advanced Micro Devices Inc.
AMD,
-2.11%

shed 0.68% to $116.63.

In the fund space, blockchain-focused Amplify Transformational Data Sharing ETF
BLOK,
-1.90%

declined 1.39% to $33.41. The Bitwise Crypto Industry Innovators ETF
BITQ,
-2.94%
,
which is focused on pure-play crypto companies, dropped 1.89% to $16.68. Grayscale Bitcoin Trust
GBTC,
-1.41%
,
which tracks the Bitcoin market price, slid 0.72% to $29.96.


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.