Major cryptocurrencies exhibited mixed results on Thursday, with Dogecoin leading declines and Solana leading gains. Dogecoin fell 2.82% to $0.19, while Solana surged 1.25% to $173.05. Other notable movers included Avalanche (-1.99%), Chainlink (-1.04%), Polkadot (-1.03%), and Ripple (-0.69%). Bitcoin and Ethereum both recorded modest gains, rising 0.65% and 0.33%, respectively.
Cryptocurrency Market Fluctuates: Mixed Performance for Major Coins
The cryptocurrency market experienced a mixed day of trading on Thursday, with notable movements observed among the top digital assets. Dogecoin led the declines, shedding 2.82% to trade at 19 cents. In contrast, Solana emerged as the frontrunner, surging by 1.25% to reach $173.05.
Avalanche and Chainlink both exhibited significant losses, with Avalanche dropping 1.99% to $46.21 and Chainlink slipping by 1.04% to 0 cents. Polkadot and Ripple also registered declines, falling 1.03% to $8.28 and 0.69% to 61 cents, respectively.
On the upside, Bitcoin exhibited modest gains, rising by 0.65% to reach $70,252.30. Ethereum followed suit, climbing 0.33% to reach $3,525.54. Cardano, with the smallest increase, gained 0.32% to reach 58 cents.
In company news, Coinbase Global Inc. saw its shares rise by 0.39% to $251.96, while MicroStrategy Inc. gained 0.13% to $1,568.05. However, Riot Platforms Inc. shares declined by 0.51% to $9.82, and Marathon Digital Holdings Inc. shares gained a modest 0.09% to $17.40.
Block Inc. rose by 0.24% to $78.70, while Tesla Inc. slid by 0.94% to $170.14. PayPal Holdings Inc. lost 0.80% to $65.35, while Ebang International Holdings Inc. shares edged down by 0.45% to $8.78. NVIDIA Corp. climbed by 1.10% to $880.00, and Advanced Micro Devices Inc. gained 0.58% to $168.11.
In the fund space, the Bitwise Crypto Industry Innovators ETF, which invests in pure-play crypto companies, dipped by 0.13% to $11.60. Amplify Transformational Data Sharing ETF, focused on blockchain technology, also declined by 0.24% to $33.55.
