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Most big cryptocurrencies decline on Polygon, Bitcoin drops

by Cuevas Antonio
April 20, 2023
in Market
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Published: April 20, 2023 at 10:00 a.m. ET

Most of the large cryptocurrencies were down during morning trading on Thursday, with Polygon Polygon USD seeing the biggest move, shedding 1.86% to $1.08.

Seven additional currencies posted reductions Thursday. Bitcoin Bitcoin USD shed 1.46% to $28,828.30, and Solana Solana USD inched down 0.82% to $22.86.

Dogecoin Dogecoin USD slipped 0.82%…

Most of the large cryptocurrencies were down during morning trading on Thursday, with Polygon

MATICUSD

seeing the biggest move, shedding 1.86% to $1.08.

Seven additional currencies posted reductions Thursday. Bitcoin

BTCUSD

shed 1.46% to $28,828.30, and Solana

SOLUSD

inched down 0.82% to $22.86.

Dogecoin

DOGEUSD

slipped 0.82% to 9 cents, while Ripple

XRPUSD

sank 0.60% to 49 cents. Cardano

ADAUSD

inched down 0.51% to 42 cents.

Ethereum

ETHUSD

and Polkadot

DOTUSD

rounded out the decreases for Thursday, dropping 0.43% to $1,973.19 and 0.37% to $6.37, respectively.

On the other hand, Uniswap

UNIUSD

posted the only increase among the largest cryptos, rising 0.53% to $5.93.

In crypto-related company news, shares of Coinbase Global Inc.

COIN

rose 0.43% to $64.72, while MicroStrategy Inc.

MSTR

fell 1.95% to $308.59. Riot Platforms Inc.

RIOT

shares fell 2.02% to $11.87, and shares of Marathon Digital Holdings Inc.

MARA

fell 1.78% to $10.47.

Overstock.com Inc.

OSTK

sank 0.63% to $19.05, while Block Inc.

SQ

inched down 0.81% to $62.36 and Tesla Inc.

TSLA

declined 7.36% to $167.30.

PayPal Holdings Inc.

PYPL

dropped 1.27% to $74.36, and Ebang International Holdings Inc.

EBON

shares sank 0.50% to $6.01. NVIDIA Corp.

NVDA

slipped 0.13% to $278.95, and Advanced Micro Devices Inc.

AMD

increased 1.02% to $90.86.

In the fund space, blockchain-focused Amplify Transformational Data Sharing ETF

BLOK

inched down 0.74% to $20.04. The Bitwise Crypto Industry Innovators ETF

BITQ

,
which is focused on pure-play crypto companies, fell 2.01% to $6.60. Grayscale Bitcoin Trust

GBTC

,
which tracks the Bitcoin market price, fell 1.84% to $16.04.


Editor’s Note: This story was auto-generated by Automated Insights, an automation technology provider, using data from Dow Jones and FactSet. See our market data terms of use.



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Tags: BigBitcoinCryptocurrenciesDeclineDropsPolygon
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Cuevas Antonio

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