Largest cryptocurrencies fall as Cardano plunges

20 Aug 2022, 06:36 · Views 16,221

All of the largest cryptocurrencies were down during morning trading on Friday, with Cardano ADAUSD, -1.14% seeing the biggest move, tumbling 12.46% to 46 cents.

Polkadot DOTUSD, -1.80% plunged 11.52% to $7.47, and Uniswap UNIUSD, -1.95% plunged 11.14% to $7.05.

Dogecoin DOGEUSD, -0.64% plunged 11.14% to 7 cents on Friday, while Litecoin LTCUSD, -2.24% tumbled 10.72% to $54.63 and Ripple XRPUSD, -1.55% plunged 11.02% to 34 cents.

Bitcoin Cash BCHUSD, -1.63% and Ethereum ETHUSD, -3.03% fell 10.60% to $119.42 and 9.96% to $1,690.01

Bitcoin BTCUSD, -0.94% rounded out the decreases with an 8.50% decline to $21,427.93.

In crypto-related company news, shares of Coinbase Global Inc. COIN, -11.27% shed 8.03% to $76.77, while MicroStrategy Inc. MSTR, -12.76% fell 9.40% to $293.90. Riot Blockchain Inc. RIOT, -12.44% shares declined 9.24% to $7.52, and shares of Marathon Digital Holdings Inc. MARA, -15.46% plunged 11.76% to $13.76.

Overstock.com Inc. OSTK, -8.07% declined 5.14% to $29.39, while Block Inc. SQ, -6.72% fell 4.98% to $75.75 and Tesla Inc. TSLA, -2.05% shed 2.44% to $886.45.

PayPal Holdings Inc. PYPL, -3.30% fell 2.86% to $97.00, and Ebang International Holdings Inc. Cl A EBON, -5.24% shares fell 6.35% to 51 cents. NVIDIA Corp. NVDA, -4.92% declined 3.76% to $180.67, and Advanced Micro Devices Inc. AMD, -4.47% shed 2.86% to $97.19.

In the fund space, blockchain-focused Amplify Transformational Data Sharing ETF BLOK, -6.26% declined 4.95% to $22.46. The Bitwise Crypto Industry Innovators ETF BITQ, -9.59%, which is focused on pure-play crypto companies, declined 7.90% to $8.26. Grayscale Bitcoin Trust GBTC, which tracks the Bitcoin market price, declined 8.22% to $13.29.

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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