Uniswap leads way as the largest cryptocurrencies slump

All of the largest cryptocurrencies were down during morning trading on Wednesday, with Uniswap UNIUSD, -4.12% seeing the biggest change, declining 4.18% to $5.42.

Cardano ADAUSD, -3.42% shed 3.58% to 41 cents, and Polkadot DOTUSD, -3.02% fell 3.29% to $6.19.

Dogecoin DOGEUSD, -2.63% fell 3.29% to 6 cents on Wednesday, while Bitcoin Cash BCHUSD, -1.07% fell 1.09% to $97.35 and Ripple XRPUSD, -1.08% dropped 1.16% to 31 cents.

Litecoin LTCUSD, -0.88% and Bitcoin BTCUSD, -0.78% fell 0.94% to $47.26 and 0.79% to $19,279.86

Ethereum ETHUSD, -0.41% rounded out the decreases with a 0.49% decline to $1,040.88.

In crypto-related company news, shares of Coinbase Global Inc. COIN, -4.92% declined 4.09% to $52.02, while MicroStrategy Inc. MSTR, -2.35% fell 1.57% to $189.50. Riot Blockchain Inc. RIOT, -1.86% shares shed 1.86% to $4.75, and shares of Marathon Digital Holdings Inc. MARA, -3.13% fell 3.59% to $7.40.

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Overstock.com Inc. OSTK, -0.39% climbed 0.04% to $25.71, while Block Inc. SQ, -3.24% fell 3.67% to $62.65 and Tesla Inc. TSLA, -0.05% rose 0.06% to $699.60.

PayPal Holdings Inc. PYPL, -2.23% shed 2.90% to $69.36, and Ebang International Holdings Inc. Cl A EBON, -4.12% shares dropped 4.41% to 54 cents. NVIDIA Corp. NVDA, -1.69% fell 1.66% to $148.32, and Advanced Micro Devices Inc. AMD, 0.08% climbed 2.90% to $76.41.

In the fund space, blockchain-focused Amplify Transformational Data Sharing ETF BLOK, -1.18% shed 1.01% to $18.70. The Bitwise Crypto Industry Innovators ETF BITQ, -1.84%, which is focused on pure-play crypto companies, dropped 1.80% to $6.01. Grayscale Bitcoin Trust GBTC, which tracks the Bitcoin market price, inched down 0.08% to $12.20.

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