Copyrighted Image by: Reuters.

Today, major cryptocurrencies recorded gains in trading, with Solana (SOLUSD) leading the way with a significant rise of 5.76%. Ethereum (ETHUSD) also saw an increase, albeit a modest one of 1.25%, while Bitcoin recorded a slight increase of 0.27%. Other notable cryptocurrencies such as Ripple (XRPUSD), Polygon (MATICUSD), Cardano (ADAUSD), Uniswap (UNIUSD), Polkadot (DOTUSD), and Dogecoin also experienced value appreciation.

In addition to the cryptocurrency gains, shares of crypto-related companies also observed upward movement. Coinbase (NASDAQ:COIN) Global Inc. saw its shares increase by 3.14%. Other companies such as MicroStrategy Inc., Riot Platforms (NASDAQ:RIOT) Inc., Marathon Digital (NASDAQ:MARA) Holdings Inc., and Overstock.com (NASDAQ:OSTK) Inc. also experienced an uptick in their share values.

However, not all companies associated with the crypto space saw gains today. Tesla (NASDAQ:TSLA) Inc.'s shares slipped by 0.57%, while Block Inc., Ebang International Holdings Inc., and Advanced Micro Devices (NASDAQ:AMD) Inc. all experienced declines. On a brighter note, PayPal Holdings Inc (NASDAQ:PYPL). recorded a rise of 0.94%, and NVIDIA Corp (NASDAQ:NVDA) documented slight increases.

Within the fund space, Bitwise Crypto Industry Innovators ETF climbed by 3.24%, Amplify Transformational Data Sharing ETF rose by 2.48%, and Grayscale Bitcoin Trust marked an increase of 5.58%.

Today's market activity underscores the dynamic nature of the cryptocurrency market and its associated stocks, with some experiencing gains while others face declines.

https://www.investing.com/news/cryptocurrency-news/cryptocurrencies-and-related-stocks-on-the-rise-solana-leads-the-pack-93CH-3214066