Solana leads way as most big cryptocurrencies post declines

Published: Dec. 28, 2023 at 10:00 a.m. ET

Most large cryptocurrencies were down during morning trading on Thursday, with Solana Solana USD seeing the biggest move, shedding 9.13% to $99.10.

Six additional currencies posted decreases Thursday. Polkadot Polkadot USD shed 4.54% to $8.39, and Cardano Cardano USD dropped 3.31% to 62 cents.

Polygon Polygon USD dropped 3.31% to $1.01, while…

Most large cryptocurrencies were down during morning trading on Thursday, with Solana

SOLUSD

seeing the biggest move, shedding 9.13% to $99.10.

Six additional currencies posted decreases Thursday. Polkadot

DOTUSD

shed 4.54% to $8.39, and Cardano

ADAUSD

dropped 3.31% to 62 cents.

Polygon

MATICUSD

dropped 3.31% to $1.01, while Dogecoin

DOGEUSD

dropped 1.80% to 9 cents. Bitcoin

BTCUSD

shed 1.69% to $42,633.80.

Ripple

XRPUSD

,
which posted the smallest decrease, slid 0.78% to 63 cents

On the other hand, two cryptos posted increases, with Uniswap

UNIUSD

seeing the largest rise at 7.16% to $7.77. Ethereum

ETHUSD

climbed 0.32% to $2,367.78.

In crypto-related company news, shares of Coinbase Global Inc.

COIN

shed 1.61% to $182.27, while MicroStrategy Inc.

MSTR

climbed 0.22% to $672.19. Riot Platforms Inc.

RIOT

shares shed 3.79% to $17.92, and shares of Marathon Digital Holdings Inc.

MARA

fell 5.12% to $29.48.

Block Inc.

SQ

rose 0.11% to $79.69 and Tesla Inc.

TSLA

inched down 0.05% to $261.32.

PayPal Holdings Inc.

PYPL

rose 0.08% to $62.73, and Ebang International Holdings Inc.

EBON

shares fell 5.24% to $17.01. NVIDIA Corp.

NVDA

rose 0.25% to $495.39, and Advanced Micro Devices Inc.

AMD

rose 0.86% to $147.33.

In the fund space, blockchain-focused Amplify Transformational Data Sharing ETF

BLOK

shed 1.21% to $31.77. The Bitwise Crypto Industry Innovators ETF

BITQ

,
which is focused on pure-play crypto companies, declined 2.88% to $13.17. Grayscale Bitcoin Trust

GBTC

,
which tracks the Bitcoin market price, dropped 1.66% to $35.65.


Editor’s Note: This story was auto-generated by Automated Insights, an automation technology provider, using data from Dow Jones and FactSet. See our market data terms of use.