The cryptocurrency market displayed a mixed trend during Thursday's morning trading session, with a majority of the large cryptocurrencies, including Solana, Ripple, Polkadot, Ethereum, Cardano, Uniswap, Polygon, and Dogecoin registering a decline. Solana notably dropped 1.97% to $21.36. On the other hand, Bitcoin managed to buck the trend with a marginal increase of 0.13% to $26,751.00 among the largest cryptos.
Shares of crypto-related companies mirrored the downward trend seen in most cryptocurrencies. Coinbase (NASDAQ:COIN) Global Inc.'s shares fell 2.59% to $75.35 while Riot Platforms Inc. saw a decrease of 0.69% to $9.34. Overstock.com (NASDAQ:OSTK) Inc.'s shares also declined during the session.
However, several companies related to the crypto industry resisted this downward trend. Shares of Marathon Digital (NASDAQ:MARA) Holdings Inc., Tesla (NASDAQ:TSLA) Inc., and Ebang International Holdings Inc. increased during the trading session, with Ebang International Holdings Inc.'s shares notably increasing by 3.17% to $7.09.
In the tech sector, PayPal Holdings Inc (NASDAQ:PYPL).'s shares declined by 1.48% to $57.21 during the trading session. Conversely, shares of NVIDIA Corp (NASDAQ:NVDA)., saw an increase of 0.88% to $472.20, and Advanced Micro Devices (NASDAQ:AMD) Inc., also registered an increase.
Blockchain-focused funds were not immune from this downward trend either. Amplify Transformational Data Sharing ETF and Bitwise Crypto Industry Innovators ETF decreased during the session, with Bitwise Crypto Industry Innovators ETF declining 1.23% to $6.43. The Grayscale Bitcoin Trust also followed suit with a decrease during the trading session.
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