Cryptocurrency Market Update

Large cryptocurrencies experience mixed results

During morning trading on Thursday, the performance of large cryptocurrencies was mixed. The biggest mover was Solana (SOLUSD), which saw a decline of 2.88% to $99.10. On the other hand, Ethereum (ETHUSD) took the lead with a 0.29% climb to $2,531.35.

Reductions seen in five other currencies

While Ethereum and Solana showed opposing trends, five other cryptocurrencies experienced reductions. Cardano (ADAUSD) fell by 2.19% to 52 cents, and Polkadot (DOTUSD) shed 1.57% to $7.22.

Uniswap (UNIUSD) recorded a decline of 1.56% to $6.61, and Ripple (XRPUSD) saw a decrease of 0.56% to 56 cents. Dogecoin (DOGEUSD) had the smallest decline, falling by 0.25% to 8 cents.

Increase in Ethereum and two other cryptocurrencies

Apart from Ethereum, two other cryptocurrencies also saw increases during morning trading. Polygon (MATICUSD) climbed by 0.16% to 81 cents, and Bitcoin (BTCUSD) rose by 0.13% to $42,694.80.

Crypto-related company news

In terms of crypto-related company news, there were several notable movements in the stock market. Shares of Coinbase Global Inc. (COIN) rose by 0.02% to $133.89, while MicroStrategy Inc. (MSTR) experienced a 2.89% increase to $513.44.

Riot Platforms Inc. (RIOT) saw a climb of 0.87% to $10.97, and Marathon Digital Holdings Inc. (MARA) rose by 2.49% to $17.69. Block Inc. (SQ) increased by 1.05% to $64.57, and Tesla Inc. (TSLA) saw a 0.19% rise to $215.97.

PayPal Holdings Inc. (PYPL) climbed by 0.94% to $60.46, while Ebang International Holdings Inc. (EBON) remained unchanged at $10.11. NVIDIA Corp. (NVDA) experienced a 1.95% increase to $571.45, and Advanced Micro Devices Inc. (AMD) rose by 3.58% to $165.91.

ETF performance in the fund space

In the fund space, the Bitwise Crypto Industry Innovators ETF (BITQ), which focuses on pure-play crypto companies, climbed by 2.60% to $9.13. The Blockchain-focused Amplify Transformational Data Sharing ETF (BLOK) also saw a rise of 0.90% to $26.98.