Litecoin leads way as most big cryptocurrencies post drops

August 7, 2022 John Litecoin 0

Most of the largest cryptocurrencies were down during morning trading on Tuesday, with Litecoin
LTCUSD,
-0.52%
seeing the biggest move, dropping 5.87% to $48.24.

Six additional currencies posted drops Tuesday. Polkadot
DOTUSD,
-0.45%
declined 4.86% to $6.67, and Dogecoin
DOGEUSD,
-0.51%
declined 3.14% to 7 cents.

Bitcoin Cash
BCHUSD,
-0.40%
declined 3.14% to $102.83, while Cardano
ADAUSD,
-0.60%
shed 2.77% to 45 cents. Ripple
XRPUSD,
-0.61%
fell 2.49% to 32 cents.

Ethereum
ETHUSD,
-1.03%,
which posted the smallest decrease, declined 2.37% to $1,093.94

On the other hand, Bitcoin
BTCUSD,
-0.53%
posted the only increase among the largest cryptos, rising 0.00% to $19,531.85.

In crypto-related company news, shares of Coinbase Global Inc.
COIN,
+4.67%
declined 2.00% to $48.06, while MicroStrategy Inc.
MSTR,
+3.18%
sank 0.46% to $166.00. Riot Blockchain Inc.
RIOT,
+1.10%
shares fell 3.18% to $4.11, and shares of Marathon Digital Holdings Inc.
MARA,
+5.59%
declined 4.87% to $5.27.

Overstock.com Inc.
OSTK,
+1.94%
declined 3.40% to $25.28, while Block Inc.
SQ,
-2.20%
shed 3.97% to $61.37 and Tesla Inc.
TSLA,
-6.63%
fell 4.28% to $652.60.

PayPal Holdings Inc.
PYPL,
-1.71%
shed 2.87% to $69.35, and Ebang International Holdings Inc. Cl A
EBON,
+16.51%
shares fell 2.19% to 42 cents. NVIDIA Corp.
NVDA,
-1.18%
fell 1.97% to $142.37, and Advanced Micro Devices Inc.
AMD,
-1.54%
shed 2.87% to $72.46.

In the fund space, blockchain-focused Amplify Transformational Data Sharing ETF
BLOK,
+0.78%
fell 2.11% to $17.99. The Bitwise Crypto Industry Innovators ETF
BITQ,
+1.60%,
which is focused on pure-play crypto companies, shed 2.49% to $5.49. Grayscale Bitcoin Trust
GBTC,
which tracks the Bitcoin market price, slipped 0.29% to $12.22.


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.