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Monday, August 8, 2022

Polkadot leads way as largest cryptocurrencies decline

All of the largest cryptocurrencies were down during morning trading on Tuesday, with Polkadot
DOTUSD
seeing the biggest change, tumbling 4.38% to $7.84.

Bitcoin Cash
BCHUSD
dropped 3.21% to $132.60, and Cardano
ADAUSD
declined 2.60% to 50 cents.

Ethereum
ETHUSD
shed 2.60% to $1,581.37 on Tuesday, while Litecoin
LTCUSD
declined 2.24% to $57.54 and Dogecoin
DOGEUSD
declined 2.28% to 7 cents.

Uniswap
UNIUSD
and Ripple
XRPUSD
fell 2.22% to $8.05 and 1.99% to 37 cents

Bitcoin
BTCUSD
posted the smallest drop with a 0.91% decline to $22,816.51.

In crypto-related company news, shares of Coinbase Global Inc.
COIN
rose 1.48% to $63.63, while MicroStrategy Inc.
MSTR
rose 1.53% to $279.96. Riot Blockchain Inc.
RIOT
shares slipped 0.95% to $7.26, and shares of Marathon Digital Holdings Inc.
MARA
slipped 0.33% to $12.23.

Overstock.com Inc.
OSTK
fell 2.99% to $28.89, while Block Inc.
SQ
rose 0.99% to $78.58 and Tesla Inc.
TSLA
rose 0.23% to $893.90.

PayPal Holdings Inc.
PYPL
slipped 0.11% to $88.47, and Ebang International Holdings Inc. Cl A
EBON
shares rose 2.03% to 49 cents. NVIDIA Corp.
NVDA
sank 0.62% to $183.27, and Advanced Micro Devices Inc.
AMD
climbed 0.11% to $96.91.

In the fund space, the Bitwise Crypto Industry Innovators ETF
BITQ,
which is focused on pure-play crypto companies, climbed 0.45% to $7.84. Blockchain-focused Amplify Transformational Data Sharing ETF
BLOK
slid 0.18% to $21.90. Grayscale Bitcoin Trust
GBTC,
which tracks the Bitcoin market price, slipped 0.63% to $14.12.


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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