Cryptocurrency Market Update

1 Mins read

Most Large Cryptocurrencies Experience Gains in Morning Trading

Uniswap (UNIUSD) has seen the biggest move in morning trading on Wednesday, with a rise of 3.42% to $4.38. Several other major cryptocurrencies also posted gains:

  • Ethereum (ETHUSD) increased by 1.96% to $1,617.72
  • Bitcoin (BTCUSD) rose by 1.74% to $26,604.00
  • Dogecoin (DOGEUSD) climbed by 1.11% to 6 cents
  • Polkadot (DOTUSD) rose by 0.89% to $4.04
  • Ripple (XRPUSD) increased by 0.51% to 50 cents

Additionally, Cardano (ADAUSD) and Solana (SOLUSD) both saw slight increases on Wednesday:

  • Cardano gained 0.51% and reached 25 cents
  • Solana rose by 0.47% to $19.25

However, Polygon (MATICUSD) was the only cryptocurrency that experienced a drop, falling by 0.49% to 51 cents.

Company News in the Crypto Space

In related company news, several crypto-related stocks also saw movements in their share prices:

  • Coinbase Global Inc. (COIN) climbed by 2.42% to $72.23
  • MicroStrategy Inc. (MSTR) increased by 1.94% to $323.45
  • Riot Platforms Inc. (RIOT) shares rose by 2.70% to $9.31
  • Marathon Digital Holdings Inc. (MARA) saw a gain of 0.73% and reached $8.31
  • Inc. (OSTK) experienced a 0.43% increase, reaching $16.38
  • Block Inc. (SQ) climbed by 0.40% to $44.99
  • Tesla Inc. (TSLA) had a slight decrease of 0.01% to $244.10
  • PayPal Holdings Inc. (PYPL) gained 0.78% and reached $59.39
  • Ebang International Holdings Inc. (EBON) saw a decline of 1.31% to $7.56
  • NVIDIA Corp. (NVDA) increased by 1.13% to $423.84
  • Advanced Micro Devices Inc. (AMD) rose by 2.04% to $97.92

Crypto-focused Funds’ Performance

In the fund space, there were significant movements as well:

  • The Bitwise Crypto Industry Innovators ETF (BITQ), which focuses on pure-play crypto companies, rallied by 2.80% to $6.61
  • The Blockchain-focused Amplify Transformational Data Sharing ETF (BLOK) saw a gain of 1.54% and reached $19.77
  • The Grayscale Bitcoin Trust (GBTC), which tracks the Bitcoin market price, rose by 0.94% to $18.34
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