The cryptocurrency market saw some profit-taking records on Thursday, ending a two-day rally that saw the most selling pressure on cottage coins.

The value of the global cryptocurrency market fell by more than 4% to $1.70 trillion. However, the overall cryptocurrency market grew by more than 5% to $68.31 billion in trading volume.

The prices of the two major cryptocurrencies, Bitcoin and Ether, remained largely unchanged. After a brief decline, the global cryptocurrency market started trading in the green.

Bitcoin's price rose only 1.26% to $37,343.81. The cost of Ether rose only 1.51% to $2,693.23.

Other cryptocurrencies such as XRP rose 1.32%, Solana 4.99%, Terra 5.45%, Cardano 2.48% and Polkadot 2.45%. Stellar Coin rose 1.34%.

Other cryptocurrencies such as Dogecoin rose 0.36%, Chainlink rose 3.87%, Polygon rose 1.77%, Shiba Inu rose 1.18% and Wrapped Bitcoin rose 1.43%.

All of the top 10 digital tokens fell on Thursday, except for USD Coin, which is pegged to the U.S. dollar. Terra and Solana were down 9% each, while Cardano was down 6% and Shiba Inu was down 4%.

Meta loses market share

Poor profits for Meta, formerly Facebook, hurt market attitudes. Weaker guidance this quarter exacerbated the situation. Meanwhile, the wormhole network was down for repair, affecting the DeFi space. Trading volumes also remained low.

Meanwhile, Jump Trading's cryptocurrency subsidiary announced that it has returned more than $320 million to cryptocurrency platform Wormhole following one of the largest cryptocurrency heists on record, Reuters reports.

Chicago-based Jump Trading acquired Certus One, the developer of Wormhole, in August, according to Reuters.