Most large cryptocurrencies experienced a downturn in morning trading on Thursday. The biggest decrease was seen in Solana (SOLUSD), which dropped by 1.97% to $21.36.
Several other currencies also posted reductions. Ripple (XRPUSD) declined by 1.49% to 48 cents, while Polkadot (DOTUSD) saw a decrease of 1.38% to $3.66.
Ethereum (ETHUSD) dropped by 1.38% to $1,546.93, and Cardano (ADAUSD) slid by 0.69% to 24 cents. Uniswap (UNIUSD) also saw a decline, with a decrease of 0.56% to $4.07.
Polygon (MATICUSD) and Dogecoin (DOGEUSD) rounded out the decreases for Thursday, dropping by 0.47% to 51 cents and 0.43% to 6 cents, respectively.
On the other hand, Bitcoin (BTCUSD) was the only cryptocurrency among the largest ones that experienced an increase, rising by 0.13% to $26,751.00.
In terms of cryptocurrency-related companies, Coinbase Global Inc. (COIN) shares shed 2.59% to $75.35, while MicroStrategy Inc. (MSTR) saw a decrease of 1.75% to $328.77. Riot Platforms Inc. (RIOT) shares inched down by 0.69% to $9.34, and Marathon Digital Holdings Inc. (MARA) climbed by 0.76% to $7.96.
Other notable movements include Overstock.com Inc. (OSTK) dropping by 3.84% to $15.54, Block Inc. (SQ) sinking by 0.39% to $46.51, and Tesla Inc. (TSLA) rising slightly by 0.08% to $263.21.
PayPal Holdings Inc. (PYPL) declined by 1.48% to $57.21, while Ebang International Holdings Inc. (EBON) saw an increase of 3.17% to $7.09. NVIDIA Corp. (NVDA) climbed by 0.88% to $472.20, and Advanced Micro Devices Inc. (AMD) increased by 1.74% to $110.20.
In the fund space, the blockchain-focused Amplify Transformational Data Sharing ETF (BLOK) declined by 1.05% to $19.77. The Bitwise Crypto Industry Innovators ETF (BITQ), which focuses on pure-play crypto companies, also saw a decrease of 1.23% to $6.43. Grayscale Bitcoin Trust (GBTC), which tracks the Bitcoin market price, sank by 0.31% to $20.01.