Large Cryptocurrencies Mixed as Cardano Increases

Dow Jones
Jul 29

This article was automatically generated by MarketWatch using technology from Automated Insights.

Large cryptocurrencies were mixed during U.S. morning trading on Wednesday, with Cardano seeing the biggest move, rising 2.99% to 16 cents.

Avalanche led the decreases with a 2.56% drop to $6.41.

Four other cryptocurrencies saw increases Wednesday. Bitcoin increased 1.18% to $64,579.20, and XRP increased 1.14% to $1.07.

Tronix and Dogecoin rounded out the increases, ticking up 0.70% to 33 cents and 0.01% to 0 cents.

In addition to Avalanche, three other currencies posted drops. Ethereum slipped 0.50% to $1,906.32, and Sui sank 0.45% to 69 cents.

Solana , which rounded out the decreases, slid 0.34% to $73.70.

In crypto-related company news, shares of Coinbase Global Inc. climbed 0.59% to $168.89, while Strategy Inc. increased 1.51% to $97.61. Riot Platforms Inc. shares shed 4.76% to $20.23, and shares of MARA Holdings Inc. shed 2.81% to $11.06.

Block Inc. climbed 0.54% to $83.55 and Tesla Inc. inched down 0.57% to $305.70.

PayPal Holdings Inc. rose 0.86% to $58.82, and Ebang International Holdings Inc. shares fell 4.87% to $2.00. NVIDIA Corp. dropped 1.84% to $193.38, and Advanced Micro Devices Inc. shed 2.81% to $441.85.

In the fund space, blockchain-focused Amplify Blockchain Technology ETF shed 2.17% to $58.16. The Bitwise Crypto Industry Innovators ETF , which is focused on pure-play crypto companies, declined 2.41% to $22.49.

Data source: Dow Jones Market Data, FactSet

 

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