Solana leads way as large cryptocurrencies decrease

31 May 2023

in Solano

Reading Time: 2 mins read

Published: May 31, 2023 at 10:00 a.m. ET

All large cryptocurrencies were down during morning trading on Wednesday, with Solana Solana USD seeing the biggest move, declining 3.28% to $20.62.

Ripple XRP USD dropped 2.44% to 51 cents, and Bitcoin Bitcoin USD declined 2.31% to $27,133.80.

Polkadot Polkadot USD shed 2.31% to $5.33 on Wednesday, while Ethereum Ethereum USD dropped 1.83%…

All large cryptocurrencies were down during morning trading on Wednesday, with Solana

SOLUSD

seeing the biggest move, declining 3.28% to $20.62.

Ripple

XRPUSD

dropped 2.44% to 51 cents, and Bitcoin

BTCUSD

declined 2.31% to $27,133.80.

Polkadot

DOTUSD

shed 2.31% to $5.33 on Wednesday, while Ethereum

ETHUSD

dropped 1.83% to $1,869.32 and Polygon

MATICUSD

declined 1.91% to 89 cents.

Uniswap

UNIUSD

and Dogecoin

DOGEUSD

fell 1.83% to $5.06 and 1.52% to 7 cents

Cardano

ADAUSD

posted the smallest drop with a 0.94% decline to 37 cents.

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

COIN

climbed 0.33% to $61.37, while MicroStrategy Inc.

MSTR

sank 0.83% to $296.80. Riot Platforms Inc.

RIOT

shares declined 2.58% to $11.72, and shares of Marathon Digital Holdings Inc.

MARA

dropped 1.70% to $9.26.

Overstock.com Inc.

OSTK

dropped 1.45% to $18.69, while Block Inc.

SQ

increased 3.08% to $60.65 and Tesla Inc.

TSLA

inched down 0.62% to $199.91.

PayPal Holdings Inc.

PYPL

rose 1.00% to $62.67, and Ebang International Holdings Inc.

EBON

shares climbed 0.39% to $6.37. NVIDIA Corp.

NVDA

declined 1.19% to $396.35, and Advanced Micro Devices Inc.

AMD

dropped 2.49% to $122.15.

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

BLOK

declined 1.39% to $19.93. The Bitwise Crypto Industry Innovators ETF

BITQ

,
which is focused on pure-play crypto companies, fell 2.82% to $6.90. Grayscale Bitcoin Trust

GBTC

,
which tracks the Bitcoin market price, shed 2.40% to $14.01.

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.

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