All major cryptocurrencies experienced a decline during morning trading on Friday. Ripple (XRPUSD) saw the largest drop, tumbling 11.69% to 50 cents. Other notable decreases include Uniswap (UNIUSD), which shed 5.31% to $4.98, and Bitcoin (BTCUSD), declining 5.00% to $26,231.10.
Here are the changes for other cryptocurrencies:
- Dogecoin (DOGEUSD) dropped 5.00% to 6 cents
- Solana (SOLUSD) shed 3.35% to $21.94
- Polygon (MATICUSD) declined 3.40% to 57 cents
- Polkadot (DOTUSD) fell 3.11% to $4.51
- Ethereum (ETHUSD) declined 2.58% to $1,671.79
- Cardano (ADAUSD) rounded out the decreases with a 1.94% decline to 26 cents.
In crypto-related company news, Coinbase Global Inc. (COIN) shares fell 2.91% to $73.36, while MicroStrategy Inc. (MSTR) experienced a 4.78% drop to $330.20. Riot Platforms Inc. (RIOT) also saw a decrease of 3.76% to $11.27, and Marathon Digital Holdings Inc. (MARA) dropped 6.43% to $11.46.
On the other hand, Overstock.com Inc. (OSTK) climbed 0.06% to $26.21, Block Inc. (SQ) increased by 0.62% to $56.45, and Tesla Inc. (TSLA) fell 1.61% to $215.68.
Other notable changes in the market include a 0.22% decrease for PayPal Holdings Inc. (PYPL) to $58.47, a 1.36% increase for Ebang International Holdings Inc. (EBON) to $7.46, a 3.60% drop for NVIDIA Corp. (NVDA) to $417.83, and a 1.18% drop for Advanced Micro Devices Inc. (AMD) to $103.21.
In the fund space, the blockchain-focused Amplify Transformational Data Sharing ETF (BLOK) shed 1.94% to $21.19. The Bitwise Crypto Industry Innovators ETF (BITQ), which focuses on pure-play crypto companies, fell 3.07% to $7.27. Furthermore, the Grayscale Bitcoin Trust (GBTC), which tracks the Bitcoin market price, declined 4.74% to $17.66.
