Cardano Leads Way as Most Big Cryptocurrencies Post Decreases

Dow Jones
Aug 04

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

Most large cryptocurrencies were down during U.S. morning trading on Tuesday, with Cardano seeing the biggest move, tumbling 1.31% to 19 cents.

Six additional currencies posted decreases Tuesday. XRP fell 1.07% to $1.07, and Dogecoin sank 0.53% to 7 cents.

Sui inched down 0.53% to 69 cents, while Ethereum sank 0.43% to $1,858.98. Solana inched down 0.31% to $73.55.

Bitcoin , which posted the smallest decrease, slipped 0.18% to $63,620.60

On the other hand, two cryptos posted increases, with Avalanche seeing the largest rise at 2.60% to $6.75. Tronix climbed 0.24% to 33 cents.

In crypto-related company news, shares of Coinbase Global Inc. inched down 0.07% to $146.40, while Strategy Inc. inched down 0.96% to $93.95. Riot Platforms Inc. shares fell 2.08% to $20.97, and shares of MARA Holdings Inc. dropped 2.89% to $11.41.

Block Inc. climbed 0.94% to $82.86 and Tesla Inc. sank 0.32% to $321.05.

PayPal Holdings Inc. inched down 0.16% to $57.78, and Ebang International Holdings Inc. shares rose 0.52% to $1.93. NVIDIA Corp. increased 1.63% to $210.01, and Advanced Micro Devices Inc. rose 5.55% to $511.54.

In the fund space, blockchain-focused Amplify Blockchain Technology ETF climbed 0.15% to $61.37. The Bitwise Crypto Industry Innovators ETF , which is focused on pure-play crypto companies, fell 1.49% to $23.20.

Data source: Dow Jones Market Data, FactSet

 

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