Solana leads way as large cryptocurrencies drop

Published: May 11, 2023 at 10:00 a.m. ET

All large cryptocurrencies were down during morning trading on Thursday, with Solana Solana USD seeing the biggest change, falling 5.13% to $20.17.

Polygon Polygon USD fell 4.27% to 85 cents, and Cardano Cardano USD declined 4.07% to 36 cents.

Polkadot Polkadot USD declined 4.07% to $5.32 on Thursday, while Ethereum Ethereum USD fell 2.78%…

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

SOLUSD

seeing the biggest change, falling 5.13% to $20.17.

Polygon

MATICUSD

fell 4.27% to 85 cents, and Cardano

ADAUSD

declined 4.07% to 36 cents.

Polkadot

DOTUSD

declined 4.07% to $5.32 on Thursday, while Ethereum

ETHUSD

fell 2.78% to $1,807.16 and Dogecoin

DOGEUSD

dropped 3.07% to 7 cents.

Ripple

XRPUSD

and Bitcoin

BTCUSD

fell 2.67% to 42 cents and 2.50% to $27,193.70

Uniswap

UNIUSD

rounded out the decreases with a 1.42% decline to $5.06.

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

COIN

shed 1.23% to $61.87, while MicroStrategy Inc.

MSTR

declined 4.40% to $301.23. Riot Platforms Inc.

RIOT

shares fell 4.17% to $11.77, and shares of Marathon Digital Holdings Inc.

MARA

dropped 5.19% to $9.69.

Overstock.com Inc.

OSTK

rose 1.45% to $20.69, while Block Inc.

SQ

slipped 0.88% to $57.03 and Tesla Inc.

TSLA

slipped 0.34% to $167.96.

PayPal Holdings Inc.

PYPL

slipped 0.68% to $62.95, and Ebang International Holdings Inc.

EBON

shares held steady at $6.31. NVIDIA Corp.

NVDA

fell 1.15% to $285.52, and Advanced Micro Devices Inc.

AMD

increased 1.37% to $98.35.

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

BLOK

inched down 0.85% to $19.79. The Bitwise Crypto Industry Innovators ETF

BITQ

,
which is focused on pure-play crypto companies, shed 3.19% to $6.38. Grayscale Bitcoin Trust

GBTC

,
which tracks the Bitcoin market price, sank 0.97% to $15.24.

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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