Most Cryptocurrencies Show Positive Movement
During morning trading on Wednesday, most large cryptocurrencies experienced gains. The biggest increase was seen in Polygon (MATICUSD), which climbed 7.02% to reach $1.07.
Other Gainers
Several other cryptocurrencies also posted gains:
- Ethereum (ETHUSD) increased by 4.69% to $2,328.28.
- Dogecoin (DOGEUSD) climbed 2.21% to 9 cents.
- Cardano (ADAUSD) rose 2.09% to 61 cents.
- Ripple (XRPUSD) saw a 1.76% increase, reaching 63 cents.
- Bitcoin (BTCUSD) increased by 1.05% to $42,938.00.
- Polkadot (DOTUSD) had the smallest gain at 1.05%, reaching $8.85.
Decreases in Value
On the other hand, two cryptocurrencies experienced a decline:
- Uniswap (UNIUSD) had the largest drop at 1.60%, reaching $7.33.
- Solana (SOLUSD) fell 1.50% to $108.08.
Crypto-Related Company News
In terms of cryptocurrency-related companies, several stocks saw positive movement:
- Coinbase Global Inc. (COIN) rose 5.98% to $182.34.
- MicroStrategy Inc. (MSTR) climbed 2.51% to $619.03.
- Riot Platforms Inc. (RIOT) saw a 3.29% increase, reaching $17.92.
- Marathon Digital Holdings Inc. (MARA) experienced a gain of 7.39%, reaching $28.95.
- Block Inc. (SQ) climbed 0.79% to $78.80.
- Tesla Inc. (TSLA) increased by 2.42% to $262.83.
- PayPal Holdings Inc. (PYPL) rose 0.02% to $62.58.
- Ebang International Holdings Inc. (EBON) climbed 0.53% to $17.54.
- NVIDIA Corp. (NVDA) saw a 0.13% increase, reaching $493.45.
- Advanced Micro Devices Inc. (AMD) rose by 0.61% to $144.29.
Updates in the Fund Space
In the fund space, the Bitwise Crypto Industry Innovators ETF (BITQ), which focuses on pure-play crypto companies, increased by 4.98% to reach $12.87. The Blockchain-focused Amplify Transformational Data Sharing ETF (BLOK) rose 2.15% to $31.48. The Grayscale Bitcoin Trust (GBTC), which tracks the Bitcoin market price, climbed 1.96% to $36.35.