Avalanche Leads Slumps as Large Cryptocurrencies Start Mixed

Dow Jones
Sep 22

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

Large cryptocurrencies were mixed during U.S. morning trading on Tuesday, with XRP seeing the biggest move, climbing 3.27% to $1.58.

Avalanche led the decreases with a 1.23% drop to $11.00.

Two other cryptocurrencies saw increases Tuesday. Cardano rose 2.37% to 25 cents, and Dogecoin rose 0.47% to 10 cents.

In addition to Avalanche, five other currencies posted decreases. Solana declined 1.18% to $117.78, and Ethereum shed 1.04% to $2,755.58.

Bitcoin slipped 0.86% to $86,246.50, and Sui slipped 1.01% to $1.01.

Tronix recorded the smallest decline, tumbling 0.29% to 34 cents.

In crypto-related company news, shares of Coinbase Global Inc. sank 0.32% to $200.40, while Strategy Inc. increased 1.18% to $170.49. Riot Platforms Inc. shares rose 3.18% to $24.95, and shares of MARA Holdings Inc. rose 1.92% to $13.53.

Block Inc. increased 1.23% to $78.87 and Tesla Inc. climbed 0.12% to $375.74.

PayPal Holdings Inc. rose 0.29% to $52.77, and Ebang International Holdings Inc. shares shed 1.82% to $2.16. NVIDIA Corp. climbed 0.01% to $227.41, and Advanced Micro Devices Inc. climbed 0.52% to $618.75.

In the fund space, the Bitwise Crypto Industry Innovators ETF , which is focused on pure-play crypto companies, rose 0.91% to $28.45. Blockchain-focused Amplify Blockchain Technology ETF rose 0.72% to $67.27.

Data source: Dow Jones Market Data, FactSet

 

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