Largest cryptocurrencies fall as Uniswap tumbles

MarketWatch_Investing-Cryptocurrency · 05 Jul 2022 81 Views

All of the largest cryptocurrencies were down during morning trading on Monday, with Uniswap UNIUSD seeing the biggest move, falling 9.15% to $5.46.

Ethereum ETHUSD dropped 5.38% to $1,180.55, and Litecoin LTCUSD dropped 5.07% to $55.80.

Ripple XRPUSD declined 5.07% to 35 cents on Monday, while Bitcoin Cash BCHUSD declined 3.60% to $112.64 and Polkadot DOTUSD dropped 4.20% to $7.87.

Cardano ADAUSD and Bitcoin BTCUSD fell 3.25% to 49 cents and 3.01% to $20,746.60

Dogecoin DOGEUSD posted the smallest drop with a 1.59% decline to 7 cents.

In crypto-related company news, shares of Coinbase Global Inc. COIN shed 8.24% to $57.55, while MicroStrategy Inc. MSTR declined 3.76% to $197.72. Riot Blockchain Inc. RIOT shares shed 5.39% to $4.91, and shares of Marathon Digital Holdings Inc. MARA fell 4.31% to $7.10. Inc. OSTK shed 7.23% to $31.04, while Block Inc. SQ dropped 3.03% to $68.85 and Tesla Inc. TSLA rose 0.94% to $744.07.

PayPal Holdings Inc. PYPL inched down 0.45% to $77.33, and Ebang International Holdings Inc. Cl A EBON shares surged 16.02% to 43 cents. NVIDIA Corp. NVDA fell 1.59% to $168.54, and Advanced Micro Devices Inc. AMD sank 0.45% to $86.37.

In the fund space, blockchain-focused Amplify Transformational Data Sharing ETF BLOK fell 2.37% to $19.81. The Bitwise Crypto Industry Innovators ETF BITQ, which is focused on pure-play crypto companies, dropped 3.68% to $6.54. Grayscale Bitcoin Trust GBTC, which tracks the Bitcoin market price, declined 2.89% to $13.45.

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.