Cryptocurrency Market Update

Overview

Most of the major cryptocurrencies experienced gains during morning trading on Thursday. Uniswap (UNIUSD) saw the largest increase, climbing 2.32% to $4.32.

Top Performers

Several other cryptocurrencies also posted positive movements on Thursday:

• Ethereum (ETHUSD) rallied 2.04% to $1,626.92.
• Polygon (MATICUSD) rose 1.95% to 51 cents.
• Polkadot (DOTUSD) increased by 1.79% to $4.06.
• Solana (SOLUSD) saw a gain of 1.58% and reached $19.24.
• Bitcoin (BTCUSD) increased by 1.20% and reached $26,563.70.
• Dogecoin (DOGEUSD) and Cardano (ADAUSD) also experienced increases, with gains of 1.20% and 0.77% respectively.

Only Decline

However, Ripple (XRPUSD) was the only cryptocurrency to decline, falling 0.38% to 50 cents.

Related Company News

In the realm of crypto-related companies, shares of Coinbase Global Inc. (COIN) rose by 2.88% to $73.58. MicroStrategy Inc. (MSTR) saw a gain of 2.37% and reached $323.10. Riot Platforms Inc. (RIOT) had a 1.83% increase, reaching $9.19, and shares of Marathon Digital Holdings Inc. (MARA) climbed by 1.51% to $8.13.

Other notable movements in related stocks include Overstock.com Inc. (OSTK), which saw a 0.44% increase to $15.86. Block Inc. (SQ) experienced a decline of 1.31%, reaching $43.56, while Tesla Inc. (TSLA) rallied with a gain of 1.08% to $243.09.

Other Market Updates

Further market movements included PayPal Holdings Inc. (PYPL), which rose by 0.85% to $57.83, and Ebang International Holdings Inc. (EBON), whose shares fell by 6.92% to $7.13. NVIDIA Corp. (NVDA) saw a gain of 0.87% and reached $428.40, and Advanced Micro Devices Inc. (AMD) climbed 2.97% to $100.98.

ETF Updates

In the fund space, the Bitwise Crypto Industry Innovators ETF (BITQ), which focuses on pure-play crypto companies, rose by 0.61% to $6.57. The Amplify Transformational Data Sharing ETF (BLOK), which is blockchain-focused, climbed 0.46% to $19.69. The Grayscale Bitcoin Trust (GBTC), which tracks the Bitcoin market price, experienced a gain of 0.66% and reached $18.25.