Most Big Cryptocurrencies Rise on XRP, Sui Increases

Dow Jones
Aug 21

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

Most large cryptocurrencies were up during U.S. morning trading on Friday, with XRP seeing the biggest move, jumping 13.90% to $1.42.

Seven additional currencies posted increases Friday. Sui rose 10.00% to 80 cents, and Cardano rose 9.97% to 22 cents.

Bitcoin rose 6.30% to $77,227.50, while Avalanche increased 5.20% to $7.58. Dogecoin climbed 3.99% to 8 cents.

Solana and Ethereum rounded out the increases for Friday, with gains of 3.99% to $91.03 and 2.95% to $2,386.27, respectively.

On the other hand, Tronix posted the only drop, falling 0.05% to 34 cents.

In crypto-related company news, shares of Coinbase Global Inc. increased 9.96% to $189.52, while Strategy Inc. increased 5.87% to $118.99. Riot Platforms Inc. shares increased 3.48% to $21.71, and shares of MARA Holdings Inc. rose 9.42% to $12.20.

Block Inc. climbed 0.70% to $80.64 and Tesla Inc. rose 2.34% to $353.20.

PayPal Holdings Inc. sank 0.26% to $62.14, and Ebang International Holdings Inc. shares climbed 0.69% to $2.20. NVIDIA Corp. inched down 0.20% to $216.41, and Advanced Micro Devices Inc. climbed 0.10% to $469.95.

In the fund space, the Bitwise Crypto Industry Innovators ETF , which is focused on pure-play crypto companies, increased 4.55% to $25.71. Blockchain-focused Amplify Blockchain Technology ETF increased 3.02% to $63.75.

Data source: Dow Jones Market Data, FactSet

 

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