Litecoin leads way as most big cryptocurrencies post drops

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Most of the largest cryptocurrencies were down during morning trading on Thursday, with Litecoin
LTCUSD,
+0.17%
seeing the biggest move, tumbling 2.45% to $89.82.

Seven additional currencies posted drops Thursday. Cardano
ADAUSD,
-1.13%
declined 2.05% to 38 cents, and Ripple
XRPUSD,
-0.97%
fell 1.98% to 54 cents.

Dogecoin
DOGEUSD,
+0.57%
fell 1.98% to 7 cents, while Polkadot
DOTUSD,
+0.40%
slipped 0.73% to $6.14. Bitcoin Cash
BCHUSD,
+0.47%
slipped 0.72% to $122.93.

Uniswap
UNIUSD,
-0.03%
and Ethereum
ETHUSD,
+0.30%
rounded out the decreases for Thursday, dropping 0.50% to $5.95 and 0.37% to $1,796.38, respectively.

On the other hand, Bitcoin
BTCUSD,
+0.39%
posted the only increase among the largest cryptos, rising 0.42% to $28,515.00.

In crypto-related company news, shares of Coinbase Global Inc.
COIN,
+5.31%
rose 2.34% to $66.83, while MicroStrategy Inc.
MSTR,
+4.69%
sank 0.36% to $283.00. Riot Platforms Inc.
RIOT,
+9.30%
shares increased 1.95% to $9.41, and shares of Marathon Digital Holdings Inc.
MARA,
+11.37%
climbed 1.19% to $8.05.

Overstock.com Inc.
OSTK,
+0.60%
rose 0.39% to $20.42, while Block Inc.
SQ,
+0.23%
climbed 4.82% to $69.70 and Tesla Inc.
TSLA,
+6.24%
rose 1.04% to $195.90.

PayPal Holdings Inc.
PYPL,
+2.08%
climbed 1.04% to $74.95, and Ebang International Holdings Inc.
EBON,
-1.27%
shares rallied 4.27% to $7.32. NVIDIA Corp.
NVDA,
+1.44%
rallied 1.21% to $273.11, and Advanced Micro Devices Inc.
AMD,
+0.13%
rose 3.32% to $99.28.

In the fund space, the Bitwise Crypto Industry Innovators ETF
BITQ,
+4.45%,
which is focused on pure-play crypto companies, increased 1.42% to $5.64. Blockchain-focused Amplify Transformational Data Sharing ETF
BLOK,
+2.38%
climbed 0.50% to $18.98. Grayscale Bitcoin Trust
GBTC,
+3.41%,
which tracks the Bitcoin market price, rose 1.20% to $16.03.


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.

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