Dogecoin Drops Most as Large Cryptocurrencies See Mixed Results
Large cryptocurrencies showed mixed performance during U.S. morning trading on Monday. Dogecoin experienced the most significant decline, dropping 3.42% to 12 cents.
Chainlink Leads the Gains
Chainlink was a standout, leading the increases with a 1.87% climb to $13.59. This makes Chainlink one of the few cryptocurrencies to gain on this mixed trading day.
Other Cryptocurrencies Face Reductions
Five major cryptocurrencies saw reductions on Monday:
- Bitcoin fell by 3.29% to $61,600.50.
- Ethereum dropped 3.23% to $3,322.61.
- Cardano declined 1.19% to 38 cents.
- Solana slipped 1.29% to $129.02.
- Avalanche recorded the smallest decline of 0.88% to $24.89.
Other Cryptocurrencies with Gains
Besides Chainlink, two other cryptocurrencies saw gains:
- Polkadot rose 0.61% to $5.69.
- Ripple increased 0.30% to 48 cents.
Crypto-Related Company News
In the world of crypto-related companies:
- Coinbase Global Inc. shares fell 3.22% to $218.58.
- MicroStrategy Inc. declined 3.18% to $1,436.65.
- Riot Platforms Inc. shares dropped 1.20% to $9.44.
- Marathon Digital Holdings Inc. fell by 2.81% to $18.67.
Meanwhile, some companies did see gains:
- Block Inc. rose 3.35% to $65.08.
- Tesla Inc. increased by 2.62% to $187.80.
Other notable movements include:
- PayPal Holdings Inc. slid 0.58% to $60.26.
- Ebang International Holdings Inc. shares climbed 1.03% to $6.86.
- NVIDIA Corp. fell 2.92% to $122.88.
- Advanced Micro Devices Inc. dropped 1.05% to $159.54.
ETF Fund Performance
In the world of ETFs:
- The blockchain-focused Amplify Transformational Data Sharing ETF sank 0.57% to $35.15.
- The Bitwise Crypto Industry Innovators ETF, focused on pure-play crypto companies, shed 2.51% to $13.38.
By using these insights, one can get a clearer picture of the current trends and movements in the cryptocurrency market as well as related companies and funds.
Dow Jones Newswires
06-24-24 1017ET
