Largest cryptocurrencies drop on Ripple, Bitcoin Cash declines – MarketWatch

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Largest cryptocurrencies drop on Ripple, Bitcoin Cash declines – MarketWatch

All of the largest cryptocurrencies were down during morning trading on Monday, with Ripple XRPUSD, -0.40% seeing the biggest change, dropping 2.97% to 45 cents.
Bitcoin Cash BCHUSD, +0.16% dropped 2.45% to $114.17, and Dogecoin DOGEUSD, +0.49% dropped 2.40% to 12 cents.
Litecoin LTCUSD, -0.42% dropped 2.40% to $54.51 on Monday, while Uniswap UNIUSD, +2.39% dropped 1.89% to $6.83 and Ethereum ETHUSD, +0.69% shed 2.06% to $1,562.61.
Cardano ADAUSD, +1.07% and Bitcoin BTCUSD, +0.23% fell 1.62% to 40 cents and 1.01% to $20,478.31
Polkadot DOTUSD, +0.43% posted the smallest drop with a 0.34% decline to $6.62.
In crypto-related company news, shares of Coinbase Global Inc. COIN, -0.08% shed 1.76% to $70.80, while MicroStrategy Inc. MSTR, +2.62% fell 3.26% to $270.86. Riot Blockchain Inc. RIOT, -0.64% shares dropped 2.55% to $6.87, and shares of Marathon Digital Holdings Inc. MARA, -3.37% shed 1.73% to $13.61.
Overstock.com Inc. OSTK, -1.52% shed 3.44% to $24.14, while Block Inc. SQ, -2.24% rose 0.13% to $61.37 and Tesla Inc. TSLA, -2.01% fell 1.72% to $224.60.
PayPal Holdings Inc. PYPL, -1.61% declined 2.08% to $84.46, and Ebang International Holdings Inc. Cl A EBON, -2.69% shares climbed 0.60% to 30 cents. NVIDIA Corp. NVDA, -1.46% shed 2.14% to $135.38, and Advanced Micro Devices Inc. AMD, +1.65% declined 2.08% to $60.58.
In the fund space, blockchain-focused Amplify Transformational Data Sharing ETF BLOK, -0.95% declined 1.54% to $19.24. The Bitwise Crypto Industry Innovators ETF BITQ, -2.14%, which is focused on pure-play crypto companies, fell 2.01% to $6.32. Grayscale Bitcoin Trust GBTC, which tracks the Bitcoin market price, sank 0.08% to $12.05.
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.
Some retail investors became so "traumatized" by the collapses of several crypto companies earlier this year that they moved their money out of FTX as soon as ominous signs appeared.

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