Large Cryptocurrencies Mixed as Cardano Increases

Dow Jones
07/29

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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