Most Big Cryptocurrencies Fall As Avalanche Declines

Dow Jones01-08 23:00

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

Most large cryptocurrencies were down during U.S. morning trading on Wednesday, with Avalanche seeing the biggest change, declining 3.60% to $38.25.

Seven additional currencies posted decreases Wednesday. Chainlink fell 2.60% to $20.74, and Solana shed 2.50% to $197.33.

Polkadot declined 2.50% to $6.86, while Cardano dropped 1.70% to 98 cents. Bitcoin fell 1.46% to $95,188.00.

Dogecoin and Ethereum rounded out the decreases for Wednesday, dropping 0.22% to 35 cents and 0.06% to $3,366.81, respectively.

On the other hand, Ripple posted the only increase among the largest cryptos, rising 1.80% to $2.32.

In crypto-related company news, shares of Coinbase Global Inc. fell 1.03% to $261.62, while MicroStrategy Inc. dropped 1.99% to $334.62. Riot Platforms Inc. shares declined 5.40% to $11.74, and shares of MARA Holdings Inc. declined 3.20% to $18.46.

Block Inc. inched down 0.70% to $87.07 and Tesla Inc. climbed 0.85% to $397.70.

PayPal Holdings Inc. inched down 0.63% to $87.42, and Ebang International Holdings Inc. shares declined 6.24% to $6.09. NVIDIA Corp. rose 2.18% to $143.20, and Advanced Micro Devices Inc. declined 3.74% to $122.57.

In the fund space, blockchain-focused Amplify Transformational Data Sharing ETF shed 1.81% to $44.91. The Bitwise Crypto Industry Innovators ETF , which is focused on pure-play crypto companies, fell 2.92% to $18.09.

Data source: Dow Jones Market Data, FactSet

(END) Dow Jones Newswires

January 08, 2025 10:00 ET (15:00 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

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Bitcoin  fell 1.46% to $95,188.00. \n</p>\n<p>\n     Dogecoin  and Ethereum  rounded out the decreases for Wednesday, dropping 0.22% to 35 cents and 0.06% to $3,366.81, respectively. \n</p>\n<p>\n     On the other hand, Ripple  posted the only increase among the largest cryptos, rising 1.80% to $2.32. \n</p>\n<p>\n     In crypto-related company news, shares of Coinbase Global Inc.  fell 1.03% to $261.62, while <a href=\"https://laohu8.com/S/MSTR\">MicroStrategy</a> Inc.  dropped 1.99% to $334.62. <a href=\"https://laohu8.com/S/RIOT\">Riot Platforms</a> Inc. shares declined 5.40% to $11.74, and shares of <a href=\"https://laohu8.com/S/MARA\">MARA Holdings</a> Inc. declined 3.20% to $18.46. \n</p>\n<p>\n     <a href=\"https://laohu8.com/S/SQ2.AU\">Block Inc</a>. inched down 0.70% to $87.07 and Tesla Inc. climbed 0.85% to $397.70. \n</p>\n<p>\n     <a href=\"https://laohu8.com/S/PYPL\">PayPal</a> Holdings Inc. inched down 0.63% to $87.42, and Ebang International Holdings Inc. shares declined 6.24% to $6.09. 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Bitcoin  fell 1.46% to $95,188.00. \n\n\n     Dogecoin  and Ethereum  rounded out the decreases for Wednesday, dropping 0.22% to 35 cents and 0.06% to $3,366.81, respectively. \n\n\n     On the other hand, Ripple  posted the only increase among the largest cryptos, rising 1.80% to $2.32. \n\n\n     In crypto-related company news, shares of Coinbase Global Inc.  fell 1.03% to $261.62, while MicroStrategy Inc.  dropped 1.99% to $334.62. Riot Platforms Inc. shares declined 5.40% to $11.74, and shares of MARA Holdings Inc. declined 3.20% to $18.46. \n\n\nBlock Inc. inched down 0.70% to $87.07 and Tesla Inc. climbed 0.85% to $397.70. \n\n\nPayPal Holdings Inc. inched down 0.63% to $87.42, and Ebang International Holdings Inc. shares declined 6.24% to $6.09. NVIDIA Corp. rose 2.18% to $143.20, and Advanced Micro Devices Inc. declined 3.74% to $122.57. \n\n\n     In the fund space, blockchain-focused Amplify Transformational Data Sharing ETF  shed 1.81% to $44.91. 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