Avalanche Leads Slumps as Large Cryptocurrencies Start Mixed

Dow Jones
09/22

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

Large cryptocurrencies were mixed during U.S. morning trading on Tuesday, with XRP seeing the biggest move, climbing 3.27% to $1.58.

Avalanche led the decreases with a 1.23% drop to $11.00.

Two other cryptocurrencies saw increases Tuesday. Cardano rose 2.37% to 25 cents, and Dogecoin rose 0.47% to 10 cents.

In addition to Avalanche, five other currencies posted decreases. Solana declined 1.18% to $117.78, and Ethereum shed 1.04% to $2,755.58.

Bitcoin slipped 0.86% to $86,246.50, and Sui slipped 1.01% to $1.01.

Tronix recorded the smallest decline, tumbling 0.29% to 34 cents.

In crypto-related company news, shares of Coinbase Global Inc. sank 0.32% to $200.40, while Strategy Inc. increased 1.18% to $170.49. Riot Platforms Inc. shares rose 3.18% to $24.95, and shares of MARA Holdings Inc. rose 1.92% to $13.53.

Block Inc. increased 1.23% to $78.87 and Tesla Inc. climbed 0.12% to $375.74.

PayPal Holdings Inc. rose 0.29% to $52.77, and Ebang International Holdings Inc. shares shed 1.82% to $2.16. NVIDIA Corp. climbed 0.01% to $227.41, and Advanced Micro Devices Inc. climbed 0.52% to $618.75.

In the fund space, the Bitwise Crypto Industry Innovators ETF , which is focused on pure-play crypto companies, rose 0.91% to $28.45. Blockchain-focused Amplify Blockchain Technology ETF rose 0.72% to $67.27.

Data source: Dow Jones Market Data, FactSet

 

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