Most Big Cryptocurrencies Decrease as Avalanche Tumbles

Dow Jones
Aug 06

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

Most large cryptocurrencies were down during U.S. morning trading on Thursday, with Avalanche seeing the biggest change, tumbling 3.97% to $6.41.

Six additional currencies posted decreases Thursday. Sui declined 2.60% to 67 cents, and XRP declined 2.26% to $1.04.

Dogecoin shed 2.26% to 7 cents, while Solana declined 1.55% to $73.16. Bitcoin slid 0.64% to $64,363.70.

Ethereum , which posted the smallest decrease, inched down 0.51% to $1,905.47

On the other hand, two cryptos posted increases, with Cardano seeing the largest rise at 1.83% to 19 cents. Tronix rose 0.04% to 33 cents.

In crypto-related company news, shares of Coinbase Global Inc. fell 1.48% to $147.67, while Strategy Inc. slipped 0.90% to $97.48. Riot Platforms Inc. shares slid 0.38% to $21.42, and shares of MARA Holdings Inc. fell 2.18% to $11.00.

Block Inc. dropped 4.25% to $80.62 and Tesla Inc. slid 0.35% to $320.42.

PayPal Holdings Inc. rose 1.57% to $58.84, and Ebang International Holdings Inc. shares shed 1.09% to $1.82. NVIDIA Corp. increased 1.14% to $221.73, and Advanced Micro Devices Inc. rose 0.13% to $482.66.

In the fund space, the Bitwise Crypto Industry Innovators ETF , which is focused on pure-play crypto companies, sank 0.91% to $22.83. Blockchain-focused Amplify Blockchain Technology ETF inched down 0.96% to $59.89.

Data source: Dow Jones Market Data, FactSet

 

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