All major cryptocurrencies experienced a decline during morning trading on Friday. Notably, Solana (SOLUSD) saw the biggest change, declining by 7.62% to $97.59. Other significant drops include Polkadot (DOTUSD) falling by 7.55% to $7.30, and Cardano (ADAUSD) shedding 7.51% to 53 cents.
Polygon (MATICUSD) dropped 7.51% to 83 cents, while Uniswap (UNIUSD) fell by 3.53% to $6.31, and Ripple (XRPUSD) declined by 4.96% to 56 cents.
Dogecoin (DOGEUSD) and Bitcoin (BTCUSD) also experienced declines, with Dogecoin falling by 3.46% to 8 cents and Bitcoin dropping by 2.02% to $43,567.20.
Ethereum (ETHUSD) posted the smallest drop, with a decline of 1.93% to $2,230.74.
In crypto-related company news, shares of Coinbase Global Inc. (COIN) shed 1.94% to $152.58, while MicroStrategy Inc. (MSTR) fell by 2.72% to $637.97. Riot Platforms Inc. (RIOT) witnessed a drop of 5.80% to $14.94, and Marathon Digital Holdings Inc. (MARA) experienced a decline of 8.20% to $24.12.
Block Inc. (SQ) slid by 0.65% to $67.71, while Tesla Inc. (TSLA) rose by 0.37% to $238.82.
PayPal Holdings Inc. (PYPL) increased by 1.04% to $59.06, and Ebang International Holdings Inc. (EBON) witnessed a growth of 7.14% to $14.18. NVIDIA Corp. (NVDA) climbed by 1.25% to $485.98, and Advanced Micro Devices Inc. (AMD) increased by 1.99% to $138.72.
In the fund space, the blockchain-focused Amplify Transformational Data Sharing ETF (BLOK) declined by 1.37% to $28.73. The Bitwise Crypto Industry Innovators ETF (BITQ), which focuses on pure-play crypto companies, dropped 4.77% to $10.79. Grayscale Bitcoin Trust (GBTC), which tracks the Bitcoin market price, sank by 0.91% to $36.91.
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