Dogecoin Leads Way As Most Big Cryptocurrencies Post 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, falling 3.53% to 15 cents.

Six additional currencies posted drops Tuesday. Solana dropped 3.13% to $132.00, and Avalanche shed 2.29% to $34.08.

Polkadot declined 2.29% to $6.54, while Ripple dropped 1.19% to 49 cents. Bitcoin slipped 0.68% to $62,736.60.

Ethereum, which posted the smallest decrease, sank 0.48% to $3,068.00

On the other hand, Cardano rose 0.88% to 46 cents.

In crypto-related company news, shares of Coinbase Global Inc. shed 4.11% to $214.23, while MicroStrategy Inc. dropped 3.21% to $1,292.98. Riot Platforms Inc. shares shed 3.97% to $8.23, and shares of Marathon Digital Holdings Inc. dropped 3.89% to $14.56.

Block Inc. slid 0.65% to $73.02 and Tesla Inc. declined 4.16% to $154.77.

PayPal Holdings Inc. sank 0.31% to $63.31, and Ebang International Holdings Inc. shares sank 0.52% to $7.58. NVIDIA Corp. increased 1.70% to $874.61, and Advanced Micro Devices Inc. increased 2.16% to $163.79.

In the fund space, blockchain-focused Amplify Transformational Data Sharing ETF slid 0.99% to $31.02. The Bitwise Crypto Industry Innovators ETF, which is focused on pure-play crypto companies, dropped 3.36% to $10.05.

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 16, 2024 10:16 ET (14:16 GMT)

Copyright (c) 2024 Dow Jones & Company, Inc.