• Wed. Jun 22nd, 2022

Cardano leads the way as most major cryptocurrencies post declines

ByHazel R. Lang

May 12, 2022

Most of the biggest cryptocurrencies were down in morning trading on Thursday, with Cardano ADAUSD,
+10.24%
seeing the largest move, falling 9.23% to 45 cents.

Seven additional currencies posted declines on Thursday. Uniswap UNIUSD,
+7.23%
lost 7.35% to $4.35, and Ethereum ETHUSD,
+6.63%
fell 6.68% to $1,895.43.

Litecoin LTCUSD,
+5.65%
fell 6.68% to $61.40, while Dogecoin DOGEUSD,
+9.62%
lose 6.37% to 7 cents. DOTUSD Peas,
+9.05%
fell 1.30% to $8.10.

Ripple XRPUSD,
+8.73%
and BitcoinBTCUSD,
+4.75%
completed Thursday’s declines, falling 0.68% to 37 cents and 0.61% to $28,142.43, respectively.

On the other hand, Bitcoin Cash BCHUSD,
+6.56%
posted the only increase among the biggest cryptos, rising 3.75% to $191.09.

In crypto-related business news, Coinbase Global Inc. COIN shares,
+8.90%
plunged 13.79% to $46.31, while MicroStrategy Inc. MSTR,
+1.77%
fell 12.06% to $147.91. Riot Blockchain Inc. RIOT,
+6.87%
shares fell 4.68% to $6.52, and shares of Marathon Digital Holdings Inc. MARA,
+1.70%
fell 9.82% to $9.00.

Overstock.com Inc. OSTK,
+4.84%
slid 0.68% to $29.13, while Block Inc. SQ,
+6.37%
fell 3.05% to $69.05 and Tesla Inc. TSLA,
-0.82%
fell 4.53% to $700.72.

PayPal Holdings Inc. PYPL,
-1.17%
fell 2.12% to $73.58, and Ebang International Holdings Inc. Cl A EBON,
-4.72%
shares fell 6.99% to 67 cents. NVIDIA Corp.NVDA,
-2.74%
fell 4.57% to $158.70, and Advanced Micro Devices Inc. AMD,
-0.98%
fell 2.12% to $84.11.

In the funds space, the blockchain-focused ETF BLOK Amplify Transformational Data Sharing,
-0.89%
lose 4.78% to $20.28. The Bitwise Crypto Industry Innovators BITQ ETF,
-0.13%,
which focuses on pure-play crypto companies, fell 9.23% to $7.04. Grayscale Bitcoin Trust GBTC,
-4.09%,
which tracks the Bitcoin market price, fell 6.50% to $17.85.

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.


Source link