Most of the largest cryptocurrencies were down during morning trading on Wednesday, with Dogecoin DOGEUSD, -0.27% seeing the biggest move, plunging 11.40% to 10 cents.
Six additional currencies posted drops Wednesday. Uniswap UNIUSD, -0.50% shed 8.34% to $5.56, and Polkadot DOTUSD, -0.85% dropped 7.81% to $10.40.
Ripple XRPUSD, -0.84% declined 7.81% to 47 cents, while Litecoin LTCUSD, -0.27% fell 3.65% to $76.29. Cardano ADAUSD, -0.13% fell 3.47% to 61 cents.
Bitcoin Cash BCHUSD, -0.21%, which posted the smallest decrease, dropped 2.88% to $221.40
On the other hand, two cryptos posted increases, with Bitcoin BTCUSD, -0.32% seeing the largest rise at 0.69% to $31,173.62. Ethereum ETHUSD, -0.60% climbed 0.54% to $2,334.49.
In crypto-related company news, shares of Coinbase Global Inc. COIN, -9.96% plunged 19.00% to $59.12, while MicroStrategy Inc. MSTR, -12.20% declined 6.44% to $210.99. Riot Blockchain Inc. RIOT, -9.06% shares rallied 1.20% to $7.62, and shares of Marathon Digital Holdings Inc. MARA, -8.39% slipped 0.92% to $11.69.
Overstock.com Inc. OSTK, -11.55% dropped 1.63% to $31.48, while Block Inc. SQ, -3.22% shed 2.23% to $82.51 and Tesla Inc. TSLA, -6.80% declined 1.13% to $791.00.
PayPal Holdings Inc. PYPL, -3.22% climbed 0.40% to $79.07, and Ebang International Holdings Inc. Cl A EBON, -4.23% shares climbed 4.11% to 79 cents. NVIDIA Corp. NVDA, -6.82% fell 1.18% to $173.87, and Advanced Micro Devices Inc. AMD, -6.04% rallied 0.40% to $90.46.
In the fund space, blockchain-focused Amplify Transformational Data Sharing ETF BLOK, -4.67% fell 1.73% to $22.67. The Bitwise Crypto Industry Innovators ETF BITQ, -7.30%, which is focused on pure-play crypto companies, shed 4.64% to $8.63. Grayscale Bitcoin Trust GBTC, -3.94%, which tracks the Bitcoin market price, shed 3.11% to $20.57.
Last year, Neel Somani was a quantitative research analyst working at Citadel, billionaire Ken Griffin's powerhouse hedge fund firm that manages nearly $50 billion. But at age 24, Somani quit in late February with dreams of getting rich in crypto and helping to build a more decentralized financial system. He chose to focus on Terra.
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