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AmextaFinance > Investing > Solana leads way as most big cryptocurrencies post drops
Investing

Solana leads way as most big cryptocurrencies post drops

News Room
Last updated: 2023/05/04 at 1:56 PM
By News Room
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2 Min Read
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Most of the large cryptocurrencies were down during morning trading on Wednesday, with Solana
SOLUSD,
+0.18%
seeing the biggest move, falling 3.38% to $21.46.

Seven additional currencies posted decreases Wednesday. Cardano
ADAUSD,
+1.01%
shed 2.67% to 38 cents, and Ripple
XRPUSD,
+0.24%
fell 2.23% to 45 cents.

Uniswap
UNIUSD,
-0.51%
shed 2.23% to $5.23, while Polkadot
DOTUSD,
-0.13%
dropped 1.83% to $5.61. Dogecoin
DOGEUSD,
-0.14%
declined 1.19% to 8 cents.

Bitcoin
BTCUSD,
+1.18%
and Ethereum
ETHUSD,
+0.43%
rounded out the decreases for Wednesday, dropping 1.09% to $28,386.30 and 0.65% to $1,857.84, respectively.

On the other hand, Polygon
MATICUSD,
-1.18%
posted the only increase among the largest cryptos, rising 0.90% to 98 cents.

In crypto-related company news, shares of Coinbase Global Inc.
COIN,
+2.55%
fell 1.62% to $50.49, while MicroStrategy Inc.
MSTR,
+2.35%
fell 3.72% to $315.80. Riot Platforms Inc.
RIOT,
+1.44%
shares dropped 6.28% to $11.04, and shares of Marathon Digital Holdings Inc.
MARA,
+7.28%
fell 2.83% to $9.28.

Overstock.com Inc.
OSTK,
-0.90%
rallied 1.95% to $20.40, while Block Inc.
SQ,
+1.79%
rallied 1.41% to $58.57 and Tesla Inc.
TSLA,
+1.00%
rose 1.72% to $163.07.

PayPal Holdings Inc.
PYPL,
+1.40%
slipped 0.14% to $72.18, and Ebang International Holdings Inc.
EBON,
+1.35%
shares dropped 2.02% to $6.30. NVIDIA Corp.
NVDA,
-0.77%
dropped 1.85% to $276.89, and Advanced Micro Devices Inc.
AMD,
+9.28%
fell 8.78% to $82.02.

In the fund space, blockchain-focused Amplify Transformational Data Sharing ETF
BLOK,
+1.05%
sank 0.10% to $19.33. The Bitwise Crypto Industry Innovators ETF
BITQ,
+2.12%,
which is focused on pure-play crypto companies, fell 1.59% to $6.18. Grayscale Bitcoin Trust
GBTC,
+0.92%,
which tracks the Bitcoin market price, dropped 1.30% to $16.00.


Editor’s Note: This story was auto-generated by Automated Insights, an automation technology provider, using data from Dow Jones and FactSet. See our market data terms of use.

Read the full article here

News Room May 4, 2023 May 4, 2023
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