Most of the largest cryptocurrencies were down during morning trading on Wednesday, with Polkadot DOTUSD seeing the biggest move, dropping 3.24% to $5.61.
Seven additional currencies posted decreases Wednesday. Litecoin LTCUSD declined 3.16% to $82.82, and Cardano ADAUSD declined 2.58% to 32 cents.
Bitcoin Cash BCHUSD dropped 2.58% to $118.60, while Uniswap UNIUSD dropped 2.07% to $6.25. Dogecoin DOGEUSD dropped 1.65% to 7 cents.
Bitcoin BTCUSD and Ethereum ETHUSD rounded out the decreases for Wednesday, dropping 0.42% to $21,959.50 and 0.20% to $1,547.31, respectively.
On the other hand, Ripple XRPUSD posted the only increase among the largest cryptos, rising 2.03% to 39 cents.
In crypto-related company news, shares of Coinbase Global Inc. COIN declined 1.61% to $60.90, while MicroStrategy Inc. MSTR shed 1.05% to $229.00. Riot Platforms Inc. RIOT shares inched down 0.65% to $6.13, and shares of Marathon Digital Holdings Inc. MARA fell 2.55% to $5.94.
Overstock.com Inc. OSTK declined 2.01% to $18.53, while Block Inc. SQ fell 1.35% to $76.99 and Tesla Inc. TSLA shed 3.77% to $180.64.
PayPal Holdings Inc. PYPL slipped 0.33% to $74.66, and Ebang International Holdings Inc. EBON shares climbed 0.33% to $6.57. NVIDIA Corp. NVDA increased 1.61% to $236.63, and Advanced Micro Devices Inc. AMD rallied 1.06% to $82.98.
In the fund space, blockchain-focused Amplify Transformational Data Sharing ETF BLOK inched down 0.28% to $17.48. The Bitwise Crypto Industry Innovators ETF BITQ, which is focused on pure-play crypto companies, declined 1.42% to $4.85. Grayscale Bitcoin Trust GBTC, which tracks the Bitcoin market price, rallied 2.17% to $13.18.