Most Large Cryptocurrencies Decrease as Avalanche Declines

Dow Jones
Sep 23

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 move, dropping 2.07% to $10.77.

Six additional currencies posted reductions Wednesday. Cardano declined 1.15% to 25 cents, and Ethereum declined 1.14% to $2,717.35.

Solana inched down 1.14% to $116.89, while Bitcoin sank 0.42% to $85,843.70. Dogecoin slipped 0.36% to 10 cents.

Tronix , which posted the smallest decrease, slipped 0.04% to 34 cents

On the other hand, two cryptos posted increases, with XRP seeing the largest rise at 0.68% to $1.58. Sui rose 0.13% to $1.01.

In crypto-related company news, shares of Coinbase Global Inc. climbed 0.56% to $202.20, while Strategy Inc. sank 0.05% to $167.25. Riot Platforms Inc. shares slid 0.20% to $24.88, and shares of MARA Holdings Inc. sank 0.55% to $13.56.

Block Inc. dropped 2.66% to $75.47 and Tesla Inc. increased 1.81% to $385.75.

PayPal Holdings Inc. slid 0.57% to $52.59, and Ebang International Holdings Inc. shares declined 1.85% to $2.12. NVIDIA Corp. slipped 0.45% to $227.83, and Advanced Micro Devices Inc. dropped 1.17% to $616.48.

In the fund space, the Bitwise Crypto Industry Innovators ETF , which is focused on pure-play crypto companies, rose 0.25% to $28.53. Blockchain-focused Amplify Blockchain Technology ETF sank 0.29% to $66.93.

Data source: Dow Jones Market Data, FactSet

 

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