Solana Leads Way as Most Big Cryptocurrencies Post Decreases

Dow Jones
Aug 28

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

Most large cryptocurrencies were down during U.S. morning trading on Friday, with Solana seeing the biggest change, shedding 3.44% to $105.26.

Six additional currencies posted drops Friday. Cardano dropped 2.64% to 21 cents, and XRP dropped 2.26% to $1.42.

Sui fell 2.26% to 76 cents, while Dogecoin dropped 1.82% to 9 cents. Avalanche fell 1.56% to $7.40.

Bitcoin , which posted the smallest decrease, sank 0.91% to $79,379.80

On the other hand, two cryptos posted increases, with Tronix seeing the largest rise at 1.04% to 34 cents. Ethereum climbed 0.15% to $2,511.30.

In crypto-related company news, shares of Coinbase Global Inc. shed 1.48% to $187.89, while Strategy Inc. fell 1.21% to $135.74. Riot Platforms Inc. shares fell 4.05% to $20.04, and shares of MARA Holdings Inc. fell 4.25% to $11.37.

Block Inc. rose 0.48% to $85.26 and Tesla Inc. rose 0.13% to $355.28.

PayPal Holdings Inc. tumbled 10.96% to $54.73, and Ebang International Holdings Inc. shares climbed 0.96% to $2.24. NVIDIA Corp. fell 1.10% to $225.48, and Advanced Micro Devices Inc. inched down 0.34% to $475.04.

In the fund space, blockchain-focused Amplify Blockchain Technology ETF inched down 0.99% to $64.27. The Bitwise Crypto Industry Innovators ETF , which is focused on pure-play crypto companies, fell 1.56% to $25.83.

Data source: Dow Jones Market Data, FactSet

 

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