Large Cryptocurrencies Mixed as XRP Drops

Dow Jones08-05

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

Large cryptocurrencies were mixed during U.S. morning trading on Wednesday, with XRP seeing the biggest move, falling 1.50% to $1.06.

Tronix led the increases with a 0.21% climb to 33 cents.

Five other currencies posted drops Wednesday. Avalanche declined 1.46% to $6.61, and Sui declined 1.39% to 69 cents.

Dogecoin slipped 0.82% to 7 cents, and Cardano sank 0.19% to 19 cents.

Solana recorded the smallest decline, tumbling 0.40% to $73.89.

In addition to Tronix, two other cryptocurrencies saw increases. Ethereum climbed 0.08% to $1,876.44, and Bitcoin climbed 0.05% to $64,329.80.

In crypto-related company news, shares of Coinbase Global Inc. climbed 1.17% to $152.50, while Strategy Inc. rose 0.35% to $97.99. Riot Platforms Inc. shares increased 9.04% to $23.51, and shares of MARA Holdings Inc. climbed 0.94% to $11.86.

Block Inc. climbed 0.15% to $84.77 and Tesla Inc. slipped 0.72% to $325.00.

PayPal Holdings Inc. climbed 0.28% to $58.71, and Ebang International Holdings Inc. shares fell 1.47% to $1.84. NVIDIA Corp. increased 4.13% to $220.70, and Advanced Micro Devices Inc. fell 5.29% to $491.14.

In the fund space, the Bitwise Crypto Industry Innovators ETF , which is focused on pure-play crypto companies, increased 1.02% to $23.70. Blockchain-focused Amplify Blockchain Technology ETF slid 0.63% to $61.76.

Data source: Dow Jones Market Data, FactSet

 

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