Large Cryptocurrencies Mixed As Ripple Increases

Dow Jones
16 Jan

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

Large cryptocurrencies were mixed during U.S. morning trading on Thursday, with Ripple seeing the biggest move, rising 6.58% to $3.22.

Ethereum led the decreases with a 4.53% drop to $3,277.62.

Four other cryptocurrencies saw increases Thursday. Chainlink increased 3.79% to $22.48, and Solana increased 2.30% to $207.66.

Cardano and Polkadot rounded out the increases, climbing 1.17% to $1.07 and 0.75% to $7.04.

In addition to Ethereum, three other currencies posted decreases. Bitcoin declined 2.06% to $97,574.50, and Dogecoin dropped 1.05% to 37 cents.

Avalanche , which rounded out the decreases, slid 0.61% to $38.94.

In crypto-related company news, shares of Coinbase Global Inc. declined 2.16% to $269.00, while MicroStrategy Inc. declined 3.78% to $347.00. Riot Platforms Inc. shares shed 2.79% to $13.09, and shares of MARA Holdings Inc. dropped 1.79% to $17.83.

Block Inc. rose 0.80% to $85.46 and Tesla Inc. shed 2.97% to $415.50.

PayPal Holdings Inc. rose 0.25% to $89.86, and Ebang International Holdings Inc. shares fell 1.96% to $6.01. NVIDIA Corp. climbed 0.46% to $136.86, and Advanced Micro Devices Inc. shed 1.12% to $118.62.

In the fund space, blockchain-focused Amplify Transformational Data Sharing ETF slipped 0.80% to $45.89. The Bitwise Crypto Industry Innovators ETF , which is focused on pure-play crypto companies, dropped 1.41% to $18.47.

Data source: Dow Jones Market Data, FactSet

 

(END) Dow Jones Newswires

January 16, 2025 10:00 ET (15:00 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

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