Avalanche Leads Way As Large Cryptocurrencies Drop

Dow Jones05-12 22:00

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

All large cryptocurrencies were down during U.S. morning trading on Tuesday, with Avalanche seeing the biggest change, declining 4.02% to $9.78.

Sui declined 3.97% to $1.25, and Cardano shed 3.08% to 27 cents.

Solana shed 3.08% to $94.66 on Tuesday, while Dogecoin shed 2.68% to 11 cents and Ethereum declined 2.87% to $2,270.45.

XRP and Bitcoin fell 2.64% to $1.43 and 1.71% to $80,402.00, respectively.

Tronix rounded out the decreases with a 0.93% decline to 35 cents.

In crypto-related company news, shares of Coinbase Global Inc. declined 3.71% to $208.57, while Strategy Inc. fell 4.26% to $187.59. Riot Platforms Inc. shares declined 3.45% to $24.47, and shares of MARA Holdings Inc. shed 6.01% to $12.59.

Block Inc. declined 1.93% to $71.76 and Tesla Inc. dropped 1.89% to $436.60.

PayPal Holdings Inc. dropped 1.33% to $44.47, and Ebang International Holdings Inc. shares declined 3.40% to $2.27. NVIDIA Corp. climbed 0.33% to $220.16, and Advanced Micro Devices Inc. shed 2.11% to $449.11.

In the fund space, the Bitwise Crypto Industry Innovators ETF , which is focused on pure-play crypto companies, declined 2.38% to $27.14. Blockchain-focused Amplify Blockchain Technology ETF shed 2.93% to $63.25.

Data source: Dow Jones Market Data, FactSet

 

(END) Dow Jones Newswires

May 12, 2026 10:00 ET (14:00 GMT)

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