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01/18/2022

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Most big cryptocurrencies fall on Cardano, Litecoin drops

Most of the largest cryptocurrencies were down during morning trading on Tuesday, with Cardano ADAUSD seeing the biggest change, declining 6.13% to $1.43. Seven additional currencies posted drops Tuesday. Litecoin LTCUSD fell 5.33% to $139.64, and Polkadot DOTUSD shed...

Most big cryptocurrencies fall on Cardano, Litecoin drops

Most of the largest cryptocurrencies were down during morning trading on Tuesday, with Cardano
ADAUSD
seeing the biggest change, declining 6.13% to $1.43.

Seven additional currencies posted drops Tuesday. Litecoin
LTCUSD
fell 5.33% to $139.64, and Polkadot
DOTUSD
shed 3.29% to $24.53.

Dogecoin
DOGEUSD
shed 3.29% to 16 cents, while Ripple
XRPUSD
declined 1.73% to 74 cents. Ethereum
ETHUSD
shed 1.54% to $3,119.85.

Uniswap
UNIUSD
and Bitcoin
BTCUSD
rounded out the decreases for Tuesday, dropping 1.46% to $16.14 and 0.72% to $41,438.11, respectively.

On the other hand, Bitcoin Cash
BCHUSD
posted the only increase among the largest cryptos, rising 1.10% to $378.65.

In crypto-related company news, shares of Coinbase Global Inc.
COIN
declined 3.58% to $221.80, while MicroStrategy Inc.
MSTR
declined 3.94% to $479.89. Riot Blockchain Inc.
RIOT
shares shed 6.33% to $19.37, and shares of Marathon Digital Holdings Inc.
MARA
shed 5.25% to $27.09.

Overstock.com Inc.
OSTK
dropped 2.34% to $48.00, while Block Inc.
SQ
sank 0.33% to $132.85 and Tesla Inc.
TSLA
slid 0.75% to $1,041.69.

PayPal Holdings Inc.
PYPL
inched down 0.72% to $177.14, and Ebang International Holdings Inc. Cl A
EBON
shares dropped 3.57% to 96 cents. NVIDIA Corp.
NVDA
shed 2.59% to $262.43, and Advanced Micro Devices Inc.
AMD
fell 0.72% to $134.05.

In the fund space, blockchain-focused Amplify Transformational Data Sharing ETF
BLOK
shed 4.00% to $36.05. The Bitwise Crypto Industry Innovators ETF
BITQ,
which is focused on pure-play crypto companies, dropped 5.12% to $18.20. Grayscale Bitcoin Trust
GBTC,
which tracks the Bitcoin market price, shed 4.98% to $29.01.


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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