Largest cryptocurrencies drop on Bitcoin Cash, Ethereum declines

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All of the largest cryptocurrencies were down during morning trading on Thursday, with Bitcoin Cash BCHUSD, -6.16% seeing the biggest move, dropping 6.12% to $105.27.

Ethereum ETHUSD, -5.80% shed 5.85% to $1,222.65, and Litecoin LTCUSD, -5.75% shed 5.75% to $49.20.

Cardano ADAUSD, -5.20% fell 5.75% to 37 cents on Thursday, while Dogecoin DOGEUSD, -4.47% declined 4.51% to 6 cents and Polkadot DOTUSD, -4.59% shed 4.57% to $5.88.

Ripple XRPUSD, -4.32% and Uniswap UNIUSD, -3.45% fell 3.99% to 47 cents and 3.92% to $5.86

Bitcoin BTCUSD, -3.75% posted the smallest drop with a 3.84% decline to $18,413.27.

In crypto-related company news, shares of Coinbase Global Inc. COIN, -10.87% tumbled 10.45% to $62.64, while MicroStrategy Inc. MSTR, -4.55% fell 7.29% to $202.45. Riot Blockchain Inc. RIOT, -5.70% shares dropped 7.17% to $5.70, and shares of Marathon Digital Holdings Inc. MARA, -5.44% shed 7.39% to $9.65.

Overstock.com Inc. OSTK, -6.11% shed 6.72% to $24.60, while Block Inc. SQ, -5.77% dropped 6.09% to $52.72 and Tesla Inc. TSLA, -3.33% fell 4.36% to $207.76.

PayPal Holdings Inc. PYPL, -2.39% dropped 3.05% to $81.25, and Ebang International Holdings Inc. Cl A EBON, -2.84% shares shed 2.63% to 37 cents. NVIDIA Corp. NVDA, -1.90% declined 3.73% to $110.71, and Advanced Micro Devices Inc. AMD, -1.69% shed 3.05% to $55.78.

In the fund space, blockchain-focused Amplify Transformational Data Sharing ETF BLOK, -2.73% declined 3.39% to $17.67. The Bitwise Crypto Industry Innovators ETF BITQ, -5.11%, 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.

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