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Cryptocurrency Prices Decline in Market Update

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During morning trading on Thursday, most large cryptocurrencies experienced a decline in their prices. Ripple XRPUSD saw the biggest change, falling 2.74% to 67 cents.

Several other currencies also posted reductions. Cardano ADAUSD dropped 2.36% to 29 cents, while Solana SOLUSD fell 1.25% to $22.83.

Dogecoin DOGEUSD declined 1.25% to 7 cents, and Polygon MATICUSD fell 1.10% to 68 cents. Polkadot DOTUSD sank 0.85% to $5.02.

Ethereum ETHUSD, on the other hand, had the smallest decrease, sinking 0.23% to $1,836.84.

Amidst this, two cryptocurrencies saw slight increases. Bitcoin BTCUSD had the largest rise at 0.16% to $29,167.20. Uniswap UNIUSD rose by the same percentage to $6.18.

In terms of company news related to cryptocurrencies, Coinbase Global Inc. COIN saw a rise of 0.19% to $90.61 in its shares, while MicroStrategy Inc. MSTR witnessed a decrease of 2.75% to $396.14. Riot Platforms Inc. RIOT shares dropped 1.63% to $17.68, and Marathon Digital Holdings Inc. MARA saw a decline of 0.97% to $16.32.

Overstock.com Inc. OSTK climbed 0.18% to $37.93, but Block Inc. SQ fell 2.91% to $72.32 and Tesla Inc. TSLA increased 1.05% to $256.77.

PayPal Holdings Inc. PYPL tumbled 10.40% to $65.59, and Ebang International Holdings Inc. EBON shares climbed 0.46% to $8.82. NVIDIA Corp. NVDA rallied 1.38% to $448.79, while Advanced Micro Devices Inc. AMD climbed 2.82% to $112.43.

In the fund space, the blockchain-focused Amplify Transformational Data Sharing ETF BLOK slipped 0.86% to $24.81. The Bitwise Crypto Industry Innovators ETF BITQ, which focuses on pure-play crypto companies, declined 1.28% to $9.28. Grayscale Bitcoin Trust GBTC, which tracks the Bitcoin market price, sank 0.78% to $19.01.

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