Largest cryptocurrencies drop on Ethereum, Litecoin declines
All of the largest cryptocurrencies were down during morning trading on Friday, with Ethereum (ETHUSD) seeing the biggest move, tumbling 9.54% to $2,789.92.
Dogecoin (DOGEUSD) rounded out the decreases with a 3.64% decline to 15 cents.
In crypto-related company news, shares of Coinbase Global Inc. (COIN) plunged 11.96% to $195.12, while MicroStrategy Inc. (MSTR) shed 9.64% to $413.44. Riot Blockchain Inc. (RIOT) shares shed 8.30% to $16.02, and shares of Marathon Digital Holdings Inc. (MARA) declined 7.93% to $22.86.
PayPal Holdings Inc. (PYPL) declined 3.50% to $167.22, and Ebang International Holdings Inc. Cl A (EBON) shares dropped 5.92% to 82 cents. NVIDIA Corp. (NVDA) declined 1.83% to $237.08, and Advanced Micro Devices Inc. (AMD) slipped 3.50% to $121.07.
In the fund space, blockchain-focused Amplify Transformational Data Sharing ETF (BLOK) fell 4.59% to $33.29. The Bitwise Crypto Industry Innovators ETF (BITQ) which is focused on pure-play crypto companies, fell 8.00% to $15.99. Grayscale Bitcoin Trust (GBTC) which tracks the Bitcoin market price, dropped 9.86% to $26.16.