Cardano (ADAUSD) experienced the largest decline among major cryptocurrencies during morning trading on Wednesday, dropping by 3.99% to reach 26 cents.
Polygon (MATICUSD) also saw a significant decrease, falling by 2.98% to 58 cents.
Uniswap (UNIUSD) witnessed a decline of 2.04% and ended up at $4.70.
Dogecoin (DOGEUSD) fell by 2.04% and reached 7 cents on Wednesday.
Polkadot (DOTUSD) experienced a decrease of 1.77% and dropped to $4.58.
Ripple (XRPUSD) declined by 1.83% and settled at 53 cents.
SOLUSD: Solana & BTCUSD: Bitcoin
Solana (SOLUSD) dropped by 1.61% to reach $21.40, while Bitcoin (BTCUSD) experienced a smaller decline of 0.83% and ended up at $27,365.30.
Ethereum (ETHUSD) rounded out the decreases with a decline of 0.59% and settled at $1,717.45.
Crypto-Related Company News
Shares of Coinbase Global Inc. (COIN) inched down by 0.19% and reached $84.54, while MicroStrategy Inc. (MSTR) experienced a drop of 2.73% to $371.10. Riot Platforms Inc. (RIOT) shares fell by 3.62% to $11.86, and shares of Marathon Digital Holdings Inc. (MARA) dropped by 3.29% to $13.23.
Overstock.com Inc. (OSTK) slipped by 0.21% and settled at $26.52, whereas Block Inc. (SQ) witnessed a climb of 0.40% to reach $57.99. Tesla Inc. (TSLA) saw a slight decline of 0.83% and ended up at $255.04.
PayPal Holdings Inc. (PYPL) rose by 0.76% and reached $62.98, while Ebang International Holdings Inc. (EBON) saw a rise of 2.07% to $7.84. NVIDIA Corp. (NVDA) also witnessed growth, rising by 0.54% to $490.46, and Advanced Micro Devices Inc. (AMD) experienced a marginal increase of 0.01% to $105.93.
In the fund space, the blockchain-focused Amplify Transformational Data Sharing ETF (BLOK) inched down by 0.80% to $22.34. The Bitwise Crypto Industry Innovators ETF (BITQ), which focuses on pure-play crypto companies, dropped by 1.83% to $7.92. Grayscale Bitcoin Trust (GBTC), which tracks the Bitcoin market price, experienced a decline of 2.80% and settled at $19.99.
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