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Solana leads crypto downturn as Block Inc. shares surge

Published 04/11/2023, 04:50 am
© Reuters.
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Today, the cryptocurrency market experienced a mixed trend with Solana (SOLUSD) leading the losses, falling by 3.35% to $39.50. This marked the largest decline among cryptocurrencies during Friday's trading. Bitcoin (BTCUSD) also reported a loss, falling by 1.01%. Other cryptocurrencies such as Polkadot (DOTUSD), Dogecoin (DOGEUSD), Uniswap (UNIUSD), and Cardano (ADAUSD) followed suit with losses.

On the other hand, Polygon (MATICUSD) led the gains with a 1.14% rise to 66 cents. Ripple (XRPUSD) and Ethereum (ETHUSD) also reported increases, standing out in an otherwise bearish day for the crypto market.

In relation to crypto-related companies, Block Inc.'s shares surged significantly by 15.21%, marking a notable increase in today's trading. Coinbase (NASDAQ:COIN) Global Inc.'s shares climbed by 2.15%, while Riot Platforms (NASDAQ:RIOT) Inc., Overstock.com (NASDAQ:OSTK) Inc., and Tesla (NASDAQ:TSLA) Inc.'s shares also reported gains.

However, not all companies enjoyed a positive day, with MicroStrategy Inc., Marathon Digital (NASDAQ:MARA) Holdings Inc., and Ebang International Holdings Inc.'s shares falling, with Ebang notably dropping by 1.13%.

In the tech sector, shares of PayPal Holdings Inc (NASDAQ:PYPL)., NVIDIA Corp (NASDAQ:NVDA)., and Advanced Micro Devices (NASDAQ:AMD) Inc. increased, with NVIDIA leading the pack with a climb of 1.71%.

Turning to the fund sector, both Amplify Transformational Data Sharing ETF and Bitwise Crypto Industry Innovators ETF posted gains today. Amplify climbed notably by 1.49%, while Bitwise saw an increase of 0.47%. However, Grayscale Bitcoin Trust witnessed a slight decrease in its value.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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