• Wed. Jun 22nd, 2022

Cardano Leads the Way as Biggest Cryptocurrencies Shrink

ByHazel R. Lang

May 6, 2022

All of the biggest cryptocurrencies were down in morning trading on Friday, with Cardano ADAUSD,
-0.86%
seeing the biggest move, down 4.40% to 77 cents.

Uniswap UNIUSD,
-0.05%
fell 4.34% to $6.92, and Polkadot DOTUSD,
-0.64%
lose 4.31% to $13.95.

Dogecoin DOGEUSD,
+1.18%
fell 4.31% to 12 cents on Friday, while Bitcoin Cash BCHUSD,
-0.65%
fell 4.12% to $266.03 and Ethereum ETHUSD,
-0.84%
fell 4.14% to $2,640.37.

Litecoin LTCUSD,
+0.10%
and BitcoinBTCUSD,
-0.30%
fell 3.26% to $93.80 and 2.03% to $35,692.77

Ripple XRPUSD,
-0.17%
completed the declines with a drop of 1.18% to 59 cents.

In crypto-related business news, Coinbase Global Inc. COIN shares,
-9.20%
plunged 10.39% to $102.38, while MicroStrategy Inc. MSTR,
-6.45%
fell 9.97% to $283.15. Riot Blockchain Inc. RIOT,
-6.87%
shares fell 7.95% to $9.38, and shares of Marathon Digital Holdings Inc. MARA,
-5.97%
fell 8.05% to $14.62.

Overstock.com Inc. OSTK,
-4.06%
fell 5.63% to $34.38, while Block Inc. SQ,
+0.67%
fell 6.86% to $89.00 and Tesla Inc. TSLA,
-0.87%
fell 2.27% to $853.49.

PayPal Holdings Inc. PYPL,
-4.39%
fell 5.01% to $81.15, and Ebang International Holdings Inc. Cl A EBON,
-0.42%
shares fell 3.90% to 83 cents. NVIDIA Corp.NVDA,
-0.90%
fell 2.77% to $183.22, and Advanced Micro Devices Inc. AMD,
+1.57%
rose 5.01% to $94.47.

In the funds space, the blockchain-focused ETF BLOK Amplify Transformational Data Sharing,
-2.27%
lose 3.89% to $25.45. The Bitwise Crypto Industry Innovators BITQ ETF,
-3.48%,
which focuses on pure-play crypto companies, fell 5.83% to $10.83. Grayscale Bitcoin Trust GBTC,
,
which tracks Bitcoin market price, lost 3.24% to $24.21.

Editor’s Note: This story, which tracks nine of the major cryptocurrencies and excludes stablecoins, was auto-generated by Automated previewsan automation technology provider, using data from Dow Jones, FactSet and kraken. See our Market Data Terms of Use.


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