Cryptocurrency Market Update

All major cryptocurrencies experienced a decline during morning trading on Wednesday. The biggest move was seen in Polygon (MATICUSD), which tumbled 14.16% to 84 cents.

Here are the price movements of other popular cryptocurrencies:

• Dogecoin (DOGEUSD) dropped 10.86% to 8 cents.
• Uniswap (UNIUSD) plunged 10.69% to $6.42.
• Polkadot (DOTUSD) tumbled 10.69% to $7.51.
• Ripple (XRPUSD) saw a decline of 10.13% to 56 cents.
• Solana (SOLUSD) tumbled 10.25% to $96.79.
• Cardano (ADAUSD) fell 9.32% to 55 cents.
• Ethereum (ETHUSD) experienced a decline of 7.08% to $2,196.79.

Bitcoin (BTCUSD) rounded out the decreases with a decline of 6.28% to $42,263.10.

In other crypto-related company news, here are the price movements of some prominent companies:

• Coinbase Global Inc. (COIN) declined 3.56% to $151.30.
• MicroStrategy Inc. (MSTR) fell 6.87% to $638.06.
• Riot Platforms Inc. (RIOT) shed 7.53% to $14.25.
• Marathon Digital Holdings Inc. (MARA) fell 4.27% to $21.95.

Other notable companies and their price movements include:

• Block Inc. (SQ) dropped 3.42% to $69.75.
• Tesla Inc. (TSLA) declined 3.51% to $239.70.
• PayPal Holdings Inc. (PYPL) declined 3.38% to $59.39.
• Ebang International Holdings Inc. (EBON) fell 5.33% to $12.96.
• NVIDIA Corp. (NVDA) sank 0.69% to $478.34.
• Advanced Micro Devices Inc. (AMD) dropped 1.91% to $135.94.

In the fund space, the Amplify Transformational Data Sharing ETF (BLOK), which focuses on blockchain technology, dropped 2.95% to $28.63. The Bitwise Crypto Industry Innovators ETF (BITQ), which is dedicated to pure-play crypto companies, shed 4.59% to $10.81. The Grayscale Bitcoin Trust (GBTC), which tracks the Bitcoin market price, experienced a decline of 5.29% to $34.90.