Solana causes decline in major cryptocurrencies, including Dogecoin’s significant drop.
Most major cryptocurrencies experienced losses during morning trading on Monday, with Solana dropping the most by 4.51% to $15.24. Other major cryptocurrencies such as Dogecoin, Ethereum, Polygon, Bitcoin, and Ripple also saw decreases ranging from 1.23% to 2.03%. Polkadot had the smallest decline of 0.72% to $4.50. However, two cryptocurrencies saw increases: Cardano rose by 1.24% to 28 cents and Uniswap increased by 1.22% to $4.14. In terms of crypto-related companies, shares of Coinbase Global and MicroStrategy declined, while shares of Riot Platforms, Marathon Digital Holdings, Square, and Tesla saw mixed results. The Bitwise Crypto Industry Innovators ETF and the Amplify Transformational Data Sharing ETF both had slight increases, while the Grayscale Bitcoin Trust dropped by 1.62%.
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