XRP Leads Way as Most Big Cryptocurrencies Post Drops

Dow Jones08-10 22:00

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

Most large cryptocurrencies were down during U.S. morning trading on Monday, with XRP seeing the biggest move, shedding 1.55% to $1.03.

Seven additional currencies posted drops Monday. Solana fell 1.24% to $76.25, and Ethereum fell 1.23% to $1,895.72.

Dogecoin slid 1.23% to 7 cents, while Bitcoin inched down 0.89% to $64,510.50. Cardano slid 0.86% to 20 cents.

Sui and Avalanche rounded out the decreases for Monday, dropping 0.83% to 69 cents and 0.56% to $6.52, respectively.

On the other hand, Tronix posted the only increase among the largest cryptos, rising 0.33% to 33 cents.

In crypto-related company news, shares of Coinbase Global Inc. fell 2.49% to $149.78, while Strategy Inc. declined 2.69% to $97.32. Riot Platforms Inc. shares fell 3.51% to $19.80, and shares of MARA Holdings Inc. fell 4.26% to $9.66.

Block Inc. climbed 0.25% to $79.20 and Tesla Inc. climbed 0.42% to $329.95.

PayPal Holdings Inc. inched down 0.46% to $58.80, and Ebang International Holdings Inc. shares increased 5.66% to $2.07. NVIDIA Corp. slid 0.90% to $221.94, and Advanced Micro Devices Inc. dropped 1.60% to $475.64.

In the fund space, blockchain-focused Amplify Blockchain Technology ETF slid 0.62% to $59.52. The Bitwise Crypto Industry Innovators ETF , which is focused on pure-play crypto companies, declined 2.16% to $22.39.

Data source: Dow Jones Market Data, FactSet

 

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