Cryptocurrency Market Update: Dogecoin saw the largest decrease among major cryptocurrencies, dropping 2.82% to 19 cents during morning trading on Thursday. Meanwhile, other large cryptocurrencies had mixed performance.
Solana led the gains, rising 1.25% to $173.05. However, four other currencies experienced declines. Avalanche declined by 1.99% to $46.21, and Chainlink dropped 1.04% to 0 cents. Polkadot and Ripple also recorded decreases, falling by 1.03% to $8.28 and 0.69% to 61 cents, respectively.
Three other cryptocurrencies experienced rises alongside Solana. Bitcoin rose by 0.65% to $70,252.30, and Ethereum climbed 0.33% to $3,525.54. Cardano saw the smallest increase, rising by 0.32% to 58 cents.
In crypto-related company news, Coinbase Global Inc. shares rose by 0.39% to $251.96, while MicroStrategy Inc. rose by 0.13% to $1,568.05. Riot Platforms Inc. shares slid by 0.51% to $9.82, and shares of Marathon Digital Holdings Inc. rose by 0.09% to $17.40.
Block Inc. rose by 0.24% to $78.70, and Tesla Inc. slid by 0.94% to $170.14. PayPal Holdings Inc. slid by 0.80% to $65.35, and Ebang International Holdings Inc. shares inched down by 0.45% to $8.78. NVIDIA Corp. climbed by 1.10% to $880.00, and Advanced Micro Devices Inc. climbed by 0.58% to $168.11.
In the fund space, the Bitwise Crypto Industry Innovators ETF, which is focused on pure-play crypto companies, sank by 0.13% to $11.60. The Blockchain-focused Amplify Transformational Data Sharing ETF slid by 0.24% to $33.55.
