Most Large Cryptocurrencies Fall On Dogecoin, Avalanche Drops

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

Most large cryptocurrencies were down during morning trading on Tuesday, with Dogecoin seeing the biggest move, shedding 5.06% to 19 cents.

Seven additional currencies posted decreases Tuesday. Avalanche fell 4.41% to $47.89, and Solana fell 3.43% to $173.71.

Ethereum shed 2.55% to $3,595.09. Bitcoin shed 2.27% to $70,054.80.

Polkadot and Cardano rounded out the decreases for Tuesday, dropping 0.92% to $8.92 and 0.86% to 61 cents, respectively.

On the other hand, Ripple posted the only increase among the largest cryptos, rising 0.62% to 62 cents.

In crypto-related company news, shares of Coinbase Global Inc. fell 3.63% to $247.66, while MicroStrategy Inc. fell 7.20% to $1,404.03. Riot Platforms Inc. shares climbed 0.15% to $10.07, and shares of Marathon Digital Holdings Inc. rose 0.45% to $18.03.

Block Inc. climbed 0.47% to $78.72 and Tesla Inc. rose 1.78% to $176.05.

PayPal Holdings Inc. climbed 0.51% to $66.68, and Ebang International Holdings Inc. shares climbed 1.33% to $9.15. NVIDIA Corp. sank 0.99% to $862.74, and Advanced Micro Devices Inc. slid 0.14% to $169.67.

In the fund space, blockchain-focused Amplify Transformational Data Sharing ETF declined 1.65% to $33.97. The Bitwise Crypto Industry Innovators ETF, which is focused on pure-play crypto companies, shed 2.44% to $11.58.

Data source: Dow Jones Market Data, FactSet.

Corrections & Amplifications

This item was corrected on April 17, 2024. An earlier version misstated the intraday price of Chainlink as the intraday price of Shiba Inu coin. Chainlink's price has been removed.

(END) Dow Jones Newswires

April 09, 2024 10:15 ET (14:15 GMT)

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